The 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 said it has made the PPS facility live through all branches, internet banking services retail and corporate PNB ONE as well as SMS bank...

Under 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...

Account-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...

This eliminates the cost of movement of physical cheques and reduces the time for clearance for better delivery of services to customers.

Thane District Consumer Redressal Forum has asked the country's second largest telco Vodafone to compensate a customer for not processing h...

RBI today said it has decided to dispense with the requirement of physically forwarding paid central government cheques to the departments ...

The amendments in the Negotiable Instruments Act will have implications for over 18 lakh cheque bounce cases pending in various courts.

The bill passed by Lok Sabha on August 6 in the Monsoon Session seeks to replace an ordinance which was re-promulgated earlier.

The Negotiable Instruments (Amendment) Bill, 2015, introduced by FM Jaitley, seeks to replace an ordinance, which was promulgated last mont...

The President has promulgated an ordinance that will allow filing of cheque bounce case at the place where the cheque was presented for cle...

EPFO has said the bank will now issue receipts for cheques or drafts deposited by them, avoiding uncalled for penalties for late clearances.

In a big relief to the bank customers, the Reserve Bank today asked the banks to compensate them for delay in clearance of local cheques.

The RBI notification has also directed the banks not to levy any charge for clearance of such multi-city cheques.

The facility aimed at minimising frauds is causing problems to those who use them to pay large sums to buy MF units & other financial produ...

Cheques with overwriting or cutting will not be honoured by the banks in the capital from today, a move intended to prevent fraudulent with...

Banks will now clear local cheques deposited with them on same day or, at most, early next day. A spate of consumer complaints have forced ...