Smart and Easy Cheque Printing Software
The Reserve Bank of India released a note along with a poster and a booklet comprising a few common questions relating to Know Your Customer (KYC) norms for opening bank accounts. The objective of this is to bring awareness among the general public about the KYC simplification measures taken by the Reserve Bank in the […]
In case of frequent dishonor of cheques, RBI has issued following procedure for the banks to follow: 1. Â In case of dishonor of cheques for the third time on a particular account of the drawer for a particular financial year, bank should issue “cautionary advice” to the account holder. 2. Â If it continues for […]
The RBI set up a working group on Cheque Truncation and e-cheques, which studied the Truncation and Imaging processes of other countries and came out with the following recommendations:- In India the cheques should be truncated at the presenting bank itself and there should not be any amount based restriction. An electronic image based model will be […]