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MICR
All you need to know about IFSC and MICR codeIFSC is an 11-digit alpha-numeric code that uniquely identifies a bank-branch participating in the RBI regulated funds transfer system. MIC...- DBS Bank India migrates to new IFSC, MICR codes of Lakshmi Vilas Bank: Get new codes hereAll old cheques issued to the third party must be replaced with new cheques by February 28, 2022. Any cheque submitted after the aforementi...
- IFSC codes of erstwhile Syndicate bank branches to change from July 1The new IFSC can be obtained through URL canarabank.com/IFSC.html or accessing the website of Canara Bank or by visiting any Canara Bank Br...
- IFSC codes of these PSU banks will change starting April 1From this year (i.e., 2021), the IFSC codes and MICR codes of the amalgamating banks will be discontinued and the codes used by the anchor ...
- Erstwhile Syndicate Bank cheque books valid till June-endCustomers can obtain new cheque books and information on new IFSC or MICR codes of the erstwhile Syndicate Bank branches through the bank's...
- Maharashta government opens account to attract CSR donations like PM CARESIt has been opened in State Bank of India's Wodehouse Road Branch in Colaba area of south Mumbai, with account number 39265578866, IFSC SBI...
- India going digital, paper clearing at banks fallsBetween 2016 and 2017, the volume of cheque transactions fell by over 11 crore.
- What you should know about income tax refundsIncome tax refunds are processed in two ways: Direct credit through RTGS / NECS or by a paper cheque.
- RBI launches app for android, iOS platformsThe application can be downloaded from the Play Store/App Store, using the keyword 'Reserve Bank of India'.
- Deadline ends, old cheques make way for safe, fast CTSThe deadline for switching to new format bank cheques under the cheque truncation system (CTS) ended on Wednesday.
- 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.
- How to change bank mandate in Mutual FundsInvestors can change the details by submitting a change of bank mandate form, along with supporting documents, at the mutual fund office or...
- MICR, IFSC code must on passbook, a/c statement: RBIThe Reserve Bank has made it mandatory for all banks to print the MICR and IFSE code on the passbook and statement of account of the custom...
- RBI asks banks to issue Cheque Truncation System 2010 standard cheques from April 1RBI today directed all banks to issue cheques conforming to CTS 2010 standard with uniform features from April 1, 2012, onwards.
- 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...
- RBI tells banks to promote e-payment optionsThe Reserve Bank of India, or RBI, has told a bunch of top bank executives to push the use of electronic transactions among customers to tr...
- ET in a classroom: Cheque Truncation SystemIt is one of the major innovations in cheque clearing after the Magnetic Ink Character Recognition (MICR) cheques introduced in the 80s.
- 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...
- Privatisation of security presses ruled out: FM
- PSB strike has a trickling effect on private peersEven though private sector banks did not participate in the nation-wide bank strike called by the United Forum of Bank Unions (UFBU), custo...
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