Same Day Cheque Clearing Rule: Aligning with the Reserve Bank of India’s (RBI) new guidelines on quick clearing and settlement of cheques, HDFC Bank has announced that starting October 4, 2025, ...

Positive Pay System involves re-confirming of key details of the cheque at the time of payment processing. Many banks are making Positive Pay mandatory from August 1, 2022 for cheques issued for Rs 5 ...

Bank of Baroda (BOB) customers from February 1 will have to comply with changes made to its cheque payments system. As per the changes, customers are requested to provide the bank advance intimation ...

The Reserve Bank of India announced the introduction of new rule 'Positive Pay System' for Cheque Truncation System (CTS) in August 2020 to ensure safe and sound cheque payments. This new rule for ...

https://www.thehindubusinessline.com/opinion/columns/the-cheat-sheet/how-positive-pay-system-safeguards-cheque-payments/article33348513.ece Copy Banking regulator ...

Cheque bounce consequences: How to avoid fines and legal trouble A bounced cheque can lead to serious consequences, including hefty fines, damaged credit scores, and even imprisonment. To avoid such ...

Customers can use the PPS facility by providing the cheque details through the branch office, online banking for individuals and businesses, Mobile Banking (PNB ONE), or SMS Banking. The details to be ...

Customers of Bank of Baroda (BoB) should be aware that from next month, it is proposed to make Positive Pay confirmation mandatory for cheques issued for Rs. 5,00,000 and more. Customers will be ...

The newly redefined and standardised cheque for the banking system has taken off. The new cheque rule took effect on January 1, 2021. The Central Bank of Nigeria (CBN) had approved a cheque standard ...

The commencement of cheque truncation scheme in the country’s financial system will raise banks’ transaction risks, The Nation has learnt. Sales Manager, Sybrin Systems Limited, Daniel Parreira, who ...