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Cheques News

05 Jun 2022

Delhi MCD changes rules related to submitting cheques, demand drafts

The unified MCD had formally come into existence on May 22 IAS officers Ashwani Kumar and Gyanesh Bharti assuming charge as the new civic body's special officer and commissioner, respectively.

07 Aug 2021

RBI Rules: Follow THIS or your cheque will bounce

This new rule will benefit the cheque book users as their issued cheques will be easily cleared on a holiday. This means that the issued cheques will be cleared on a Saturday or Sunday too. It is important for customers to keep in mind that NACH will be operational all hours of the day and even on holidays.

14 May 2021

COVID-19’s second wave impact! Cheque bounce cases surge in April

The overall scenario indicates that borrowers are not willing to repay their loans. Lending experts are pointing that the figures for May could prove to far worse than April. The second Covid-19 wave is proving to be deadlier than the first one.

31 Jul 2017

RBI asks banks to enable account number portability

RBI Deputy Governor S S Mundra has asked banks to work towards account number portability as it will be a far-reaching step towards enhancing competition and improving customer service.

Labour Minister

11 Dec 2016

Centre to soon amend Payment of Wages Act: Labour Minister

In order to ensure that workers receive their salaries either through cheques or directly in their bank accounts, Union Labour Minister Bandaru Dattatreya on Sunday said the Centre would soon amend the Payment of Wages Act.

19 Aug 2015

EPFO allows small firms to pay dues by cheques and drafts

Giving a breather to small firms, retirement fund body EPFO has allowed employers, whose statutory contribution is less than Rs 1 lakh, to make payment through bank drafts, banker's cheques and local cheques till December this year.

24 Jun 2015

EPFO allows small firms to pay dues by cheques and drafts

Giving a breather to small firms, retirement fund body EPFO has allowed employers whose statutory contribution is less than Rs 1 lakh to make payment through bank drafts, banker's cheques and local cheques till September this year.

18 Sep 2014

RBI to do away with need to return paid govt cheques to depts

Easing norms to enhance efficiency of cheque clearing system, the Reserve Bank starting next month will do away with the requirement of returning back paid government cheques to the concerned departments.

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