Mumbai: The Reserve Bank has asked all CBS (core banking solutions) enabled banks to issue only 'payable at par' or 'multi-city' cheques to their customers to bring about more efficiency in cheque ...

The state has tabled a Bill, which will make it compulsory for employers to pay monthly salaries of Rs 3,000 and more by crossed cheques drawn in favour of the employee person or by crediting the ...

Add articles to your saved list and come back to them any time. To support the system the bank agrees to pay the amount n the cheque when it is properly presented, assuming there are sufficient funds ...

Section 6 of Negotiable Instruments Act 1881 states that “A cheque is a bill of exchange drawn on a specified banker, and not expressed to be payable otherwise than on demand”. A cheque is bill of ...

A cheque is a signed, written instruction you give to your bank to pay money out of your account; it specifies who can receive payment on your cheques. If you make a cheque out to "JP Smith or bearer" ...

Since Mr Jobs disliked giving autographs, the items he signed are rare. A cheque signed by Apple co-founder Steve Jobs has gone on auction and is expected to fetch more than $35,000, CNBC reported.

Section 85 of the Negotiable Instruments Act states that “where a cheque payable to order purports to be endorsed by or on behalf -of the payee the banker is discharged by payment in due course. He ...

Mumbai: Bank account holders can continue to use their old format cheques for another three months as the Reserve Bank of India (RBI) has extended the deadline for banks to issue new cheques with ...

Usually, banks issue chequebooks to savings account holders. Banks issue cheques to both current account holders and savings account holders. In this era of UPI and digital transactions, the ...

Check your cheque. See if it includes these seven key features. We had earlier reported that your old cheque books may become invalid, come January 1, 2013. But what is different or should be ...