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Issuing cheque above Rs 20 lakh? Positive Pay System now mandatory from April 24 in this bank- RBI mandates banks to conduct special clearing operations on MondayThe Reserve Bank of India (RBI) mandates all banks to participate in special clearing operations on March 31, 2025, to ensure all governmen...
- RBI action: Cheques to be cleared within few hours now, closing in on NEFT, RTGS speed of transferThe Reserve Bank of India has stated that the clearance of cheques will be expedited to within a few hours. This announcement was made by t...
- RBI asks banks to implement image-based Cheque Truncation System in all branches by September 30The CTS is in use since 2010 and presently covers around 1,50,000 branches. All the erstwhile 1,219 non-CTS clearing houses (ECCS centres) ...
- Positive pay system for cheque payments to come into effect from January 1, 2021: RBIUnder the positive pay system, the issuer of the cheque will be required to submit electronically, through SMS, mobile app, internet bankin...
- RBI to introduce more security features for cheques via Positive Pay mechanism: Here's how it will workUnder Positive Pay mechanism, cheques will be processed for payment by the drawee bank based on information passed on by its customer at th...
- RBI to introduce pan-India CTS by Sept 2020 to make cheque clearing safer, fasterThe RBI is now planning to implement a pan-India Cheque Truncation System from September 2020.
- Today is last day for non-chip cards, saving on belated ITR fee, non-CTS chequesBefore you get into party mode, it is important that you finish these tasks for a hassle-free 2019.
- 5 financial tasks to do before December 2018 endsHere are five tasks you shouldn't miss before the end of December 2018 for a hassle-free new year.
- Buoyed by a stellar performance in 2015, Cognizant awards 190% bonus to its top employeesBonuses paid at Cognizant have traditionally been in the range of 100%-200%, depending on performance of the company employee.
- Jewellers now push handcrafted pieces to hook weary customersJewellers across the country are gradually shifting their focus from gold coins and bars to handcrafted jewellery where margins are high.
- ET in the Classroom: Why you need CTS cheques?rom April 1, your cheque book will become invalid if it is not CTS 2010-enabled. Here's why.
- NRIs, get ready to order new India cheque booksRBI has introduced a new format for cheques, the CTS-2010 Standard as part of its measures for enhancement of security features.
- RBI extends cheque upgradation deadline till March next yearBank customers do not need to discard their non-CTS 2010 standard cheque books in a hurry to get their multi-city CTS-2010 standard cheque ...
- SBI to accept cheques conforming to new standards from Jan 1To meet the objective, SBI has asked all its branches to issue only with uniform features conforming to CTS 2010 standard cheques to their ...
- Trai seeks view on spectrum allocation for short range communicationTrai today floated a consultation paper seeking views of the industry on spectrum allocation for short-range communication technologies.
- Alert: RBI clarifies on honouring of cheques with alterationsRBI has clarified that its directive to banks, asking them not to honour cheques with alterations, will be applicable only for cheques clea...
- Wipro surges five per cent in morning tradeSoftware major Wipro today surged nearly five per cent on the bourses to touch an intra-day high of Rs 254.80 a day after the company acqui...
- Citi arm to bring in $500m for Wipro over 6 yearsWipro’s acquisition of Citigroup’s technology solutions and services arm comes at a time when Indian IT exporters are struggling to maintai...
- Wipro likely to buy Citi's tech arm for $150 millionCitigroup is once again in talks to sell its subsidiary, Citi Technology Services (CTS), formerly called Citos. Working from home? I Save j...
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