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CHEQUE CLEARANCE ISSUE
Saturday bank holiday: Are banks open or closed today on June 6, 2026?Banks will be open today, June 6, 2026. This is the first Saturday of the month, a regular working day. Bank holidays vary by state, with t...- Banks facing teething problems with faster cheque clearance system, say unionA bank employees' union has raised concerns about the new same-day cheque clearing system, citing software glitches and inadequate staff tr...
- RBI’S real-time move: Glitches mar new cheque clearance systemThe Reserve Bank of India's new real-time cheque clearance system is experiencing glitches, with customers reporting delays due to inadequa...
- 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...
- PNB customers must give details of high-value cheques before clearancePNB said it has made the PPS facility live through all branches, internet banking services retail and corporate PNB ONE as well as SMS bank...
- Your high value cheque may be rejected sans net, mobile banking or branch visitUnder the positive pay mechanism, the cheque issuer, i.e., you, will be required to verify certain details of the cheque issued by you to e...
- Issuer will be able to send cheque’s picAccount-holders will soon be able to send to their bank the details of a high-value cheque they issue to third parties, which will enable s...
- No clearance of non-CTS compliant cheques from January: Punjab National BankThis eliminates the cost of movement of physical cheques and reduces the time for clearance for better delivery of services to customers.
- Vodafone asked to compensate for non-processing of chequeThane District Consumer Redressal Forum has asked the country's second largest telco Vodafone to compensate a customer for not processing h...
- RBI to move to CTS for clearing govt's chequesRBI today said it has decided to dispense with the requirement of physically forwarding paid central government cheques to the departments ...
- Parliament passes Negotiable Instruments (Amendment) BillThe amendments in the Negotiable Instruments Act will have implications for over 18 lakh cheque bounce cases pending in various courts.
- Parliament passes Negotiable Instruments (Amendment) BillThe bill passed by Lok Sabha on August 6 in the Monsoon Session seeks to replace an ordinance which was re-promulgated earlier.
- Bill to effectively deal with cheque bounce cases introduced in Lok SabhaThe Negotiable Instruments (Amendment) Bill, 2015, introduced by FM Jaitley, seeks to replace an ordinance, which was promulgated last mont...
- President Pranab Mukherjee promulgates ordinance on cheque bounce casesThe President has promulgated an ordinance that will allow filing of cheque bounce case at the place where the cheque was presented for cle...
- SBI to issue receipts for payments of PF dues: EPFOEPFO has said the bank will now issue receipts for cheques or drafts deposited by them, avoiding uncalled for penalties for late clearances.
- RBI to banks: Compensate customers for cheque clearance delayIn a big relief to the bank customers, the Reserve Bank today asked the banks to compensate them for delay in clearance of local cheques.
- Banks told to issue multi-city cheques, not to levy clearance chargesThe RBI notification has also directed the banks not to levy any charge for clearance of such multi-city cheques.
- SBI's 'limited usage' cheques upset well-heeled account holdersThe facility aimed at minimising frauds is causing problems to those who use them to pay large sums to buy MF units & other financial produ...
- Delhi Banks won't accept cheques with overwriting from todayCheques with overwriting or cutting will not be honoured by the banks in the capital from today, a move intended to prevent fraudulent with...
- Banks to clear local cheques on same dayBanks will now clear local cheques deposited with them on same day or, at most, early next day. A spate of consumer complaints have forced ...
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