To support the system the bank agrees to pay the amount n the cheque when it is properly presented, assuming there are sufficient funds in the payer's account to cover the amount of the cheque. There ...

I'm a freelance financial journalist and a regular contributor to U.S. News and CreditCards.com. I've written for Life + Money by Citi, Bankrate and The Balance, among others. You can find me on ...

We are a service provider company and we receive cheque payments from many of our customers. One of our clients is not paying us regularly. His cheques are frequently bouncing. We have requested him ...

The Supreme Court on Tuesday held that a cheque is dishonoured only if it represents a “legally enforceable debt” on the date of its maturity or presentation. “For the commission of an offence under ...

A void cheque is one that has been rendered invalid by writing "VOID" across it. Voided cheques are often used to transmit banking details for the purpose of making an electronic transaction. Many or ...

New RBI Cheque Rule: The Reserve Bank of India (RBI) has introduced a new rule for cheque payments from January 1, 2021. New Cheque Rule: It is called 'positive pay system' for cheques, under which re ...

The year 2020 on the cheque date can lead to financial fraud, if not written correctly Also In This Package How to read your UAE visa stamp: Key elements Part-time work in the UAE: How you can apply ...

During 2024-25, the RBI had added 54.13 metric tonnes of gold. The Reserve Bank of India has introduced real-time clearing of cheques. However, technology integration glitches, inadequate training of ...