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Cheque News

10 Oct 2022

New rules regarding check bounce cases, govt could bring THESE big changes

Some of the steps suggested before taking legal recourse included debiting another accounts of the cheque issuer if his or her account is short of funds to honour the instrument, sources said.

25 Aug 2021

Banking update: Cheque clearing system will change from September 1

Axis Bank cheque payment rules changed. New cheque payment rules from September 1. Know what is positive pay system.

29 Jul 2021

ICICI Cash transaction, ATM, chequebook charges to be increased from August 1

Here is an elaborative list of revised Cash transaction, ATM, chequebook charges ICICI Bank customers will have to pay from August 1.

19 Mar 2021

RBI takes big step, faster settlement of cheques from September 30

Image-based Cheque Truncation System (CTS). CTS in all branches by September 30. Banks free to adopt a model of their choice.

01 Jan 2021

Positive pay system for cheque kick in from January 1: Know the benefits

What is Positive Pay System? Positive Pay System implemented from January 01. New cheque rules for large value cheques.

30 Dec 2020

SBI new cheque payment from Jan 1: What it is and how it makes cheques secure

What is Positive Pay System? Positive Pay System implemented from January 01. New cheque rules for large value cheques.

20 Dec 2020

From FASTag to ‘Positive Pay’ for cheques, rules that will change from Jan 1

From January 1, many new rules will come into effect which will affect the life of common people. These rules are related to different walks of life. From January 1, FASTag will become mandatory for all four-wheelers.

13 Dec 2020

New rule for cheque payments from January 1: Here's all you need to know

The new rule for cheque payments, which was decided by RBI, will come into effective from January 1. The 'positive pay system' for cheque payments was approved by the RBI in August. Under the new rule, re-confirmation of key details will be required for any payments above Rs 50,000.

11 Dec 2020

Cheque payments rule changing from January 1: Here's all about the new rule

What is Positive Pay System? Positive Pay System implemented from January 01. New cheque rules for large value cheques.

All India Bank Employees Association

15 Jun 2020

Bank union seeks fixing limits for cheque bounce

The major union in the banking sector represents about one million bankers.

15 Dec 2016

Demonetisation: Withdrawal restrictions to be relaxed once 80% of new currency is remonetised, says report

Government is planning to relax restrictions on withdrawal limit once 80 percent of the new currency is re-channelised in bank deposits, said top government official.

16 Jul 2016

Court to hear chaque bounce case against Vijay Mallya on August 6

A Delhi court Sunday fixed August 6 for hearing a cheque bounce case against liquor baron Vijay Mallya by Delhi International Airport Ltd (DIAL).

06 Aug 2015

LS passes bill to deal with cheque bounce cases

A bill providing for filing of cheque bounce cases at the place where a cheque is presented for clearance and not the place of issue, was approved by the Lok Sabha Wednesday.

23 Jun 2015

SEBI makes IPOs cheque-free; unveils start-up listing norms

The regulator also fast-tracked the process of raising funds for companies through IPOs by reducing the listing time by half to six days after the public offer.

cheque bounce case

10 Jun 2015

Govt to bring in Ordinance to amend Negotiable Instruments Act

The Cabinet on Wednesday decided to bring in an ordinance to amend the Negotiable Instruments Act, which provides for filing of cheque bounce cases in place where the cheque was issued, a move that will benefit 18 lakh people.

06 May 2015

Bill to check piling up of cheque bounce cases moved in Lok Sabha

A Bill seeking to prevent piling up of cheque bounce cases in various courts and help the payee in the case of default, was introduced in Lok Sabha on Wednesday.

07 Nov 2014

RBI makes SMS mandatory for high value cheque clearance

Reserve Bank has asked banks to alert account holders to send an SMS alert to payer/drawer when cheques are received for clearing.

01 Sep 2014

Bank A/Cs not inoperative if dividend cheque credited in 2 years

The Reserve Bank Monday said bank accounts will not become inoperative if a dividend cheque has been credited in it in the previous two years.

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