Smart and Easy Cheque Printing Software
RBI has decided to dispense with the requirement of physically forwarding paid central government cheques to the departments for clearance. With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for clearance of cheques, facilitating the presentation and payment of cheques without their physical movement. Taking this initiative […]
In view of the rise in the number of cheque related fraud cases, the Reserve Bank of India has asked banks to put in place preventive measures including sending an SMS alert to payer/drawer when cheques are received in clearing. Further, to prevent cases of suspicious or large value cheques (in relation to an account’s […]
RBI/2014-15/532 DCBR.BPD(PCB/RCB)Cir.No.24/14.01.062/2014-15 April 1, 2015 The Chief Executive Officer All Primary (Urban) Co-operative Banks / State and Central Co-operative Banks (StCBs / CCBs) Madam / Dear Sir, Know Your Customer (KYC) Guidelines – Accounts of Proprietary Concerns Please refer to paragraph 2.5(ii) of our Master Circular no. UBD.BPD.(PCB) MC.No.16/12.05.001/2014-15 dated July 1, 2014 and paragraph […]