PMCB Tackles Mounds Of Cheques With VSoft Solution
To automate operations and reduce costs, The Punjab and Maharashtra Co-operative Bank (PMCB) opted for VSoft's Centralised Cheque Processing System (CCPS). The post PMCB Tackles Mounds Of Cheques With...
View ArticleNo cheques: Govt, RBI want to checkmate paper money
The finance ministry and the RBI are taking us away from paper cash to electronic money. The post No cheques: Govt, RBI want to checkmate paper money appeared first on Firstpost.
View ArticleNew cheque norms: Know how to write the cheques correctly
Like it or not, many don't write cheques properly. It is not just filling in the details, but how you actually fill the details on the cheque that matters. The post New cheque norms: Know how to write...
View ArticleRBI gives banks time till July for issuing new format cheques
In December, the RBI had extended the deadline to convert to the new standard CTS-2010 by three months to 31 March. The post RBI gives banks time till July for issuing new format cheques appeared first...
View ArticleWhy bouncing a cheque may no longer put you in jail
Bouncing cheques is a criminal offence in India. This offence comes under Section 138 of Negotiable Instrument Act, 1881. And the consequence could be two years as well as twice the amount of the...
View ArticleHere’s how banks can goof up with your post dated cheques
Post-dated cheques (PDC) are a handy, convenient way to handle a financial transaction. But just how much can you trust that your bank will exercise utmost care while handling such cheques? The post...
View ArticleSend customers SMS alerts before clearing cheques: RBI tells banks
The central bank further said multi-level checking should be done before clearing cheques above Rs 5 lakh. The post Send customers SMS alerts before clearing cheques: RBI tells banks appeared first on...
View ArticleRBI postpones decision on practice of return paid govt cheques
Easing norms to enhance efficiency of cheque clearing system, RBI in September 2014 had said that there will be no need to return back paid government cheques to the concerned departments from 1...
View ArticleBanks cannot collect EMI if loan has not been disbursed: Dispute Redressal Forum
Dispute Redressal Forum here has asked the bank to refund the entire EMI charged unduly for 20 months from a policeman and directed it to pay him Rs 50,000 as compensation for deficient services. The...
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