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 ...

The Indian financial landscape has a variety of payment and fund transfer modes now—from cash, to debit and credit cards to mobile apps like Paytm—but for most of us, cheques remain an integral part ...

A cheque is a written document instructing a bank to debit your account and pay someone. Cheques represent a major chunk of all non-cash payments for each year. Hundreds of millions of paper cheques ...

Cheques cost more than you think. Processing costs, payment fraud, time delays, delayed funding, and high cheque-cashing costs can turn your financial situation into a nightmare. Cheque processing is ...

While the use of cheques has been declining with the growing popularity of electronic and card payments, banks still process a lot of cheques every year, according to https://cba.ca. A cheque is an ...

On June 22 last year, the Reserve Bank informed banks that from December 1, 2010, all cheques cleared under the image-based cheque truncation system (CTS) should be free of any alteration, correction ...

The Office of the Financial Services Ombudsman (OFSO) provides a FREE mediation service for members of the public who may have disputes with their bank, non-bank or insurance company. What is a cheque ...

Cheque’s beneficiary has the option to reject a partial payment Banks operating in the UAE can no longer stop payment against a cheque even when the cheque drawer’s account does not have enough funds ...

Declaration of insufficient funds in accounts is not a violation of banking secrecy Add as a preferred source on Google Stop payment instructions by issuer of a cheque to his bank are no longer valid ...