Cheque Clearance
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No More 2-Day Wait, RBI's New Rules To Ensure Cheque Clearance Within Hours
Bank customers will no longer have to wait two working days for cheque deposits to clear. Starting October 4, the Reserve Bank of India (RBI) will implement a faster settlement system promising funds in only a few hours.
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Banks To Clear Cheques Within Few Hours From October 4: RBI
The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days.
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Banking Transactions May Be Hit By Nation-Wide Strike: 5 Things To Know
The United Forum of Bank Unions (UFBU) is an umbrella body of nine unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).
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Bill Changing Law On Bounced Cheques Passed By Parliament
Bringing relief to scores of Indians aggrieved by bounced cheques, a bill permitting the filing of cases at the place where a cheque is presented for clearance and not the place of issue was approved by parliament with the Rajya Sabha giving its nod on Monday.
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Lok Sabha Passes Bill to Deal with Cheque Bounce Cases at Clearance
The Lok Sabha today passed a bill that will allow filing a case of cheque bounce at the place it is presented for clearance and not the place of issue.
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President Pranab Mukherjee Promulgates Ordinance to Tackle Cheque Bounce Cases
An ordinance that will allow filing of cheque bounce case at the place where the cheque was presented for clearance has been promulgated by President Pranab Mukherjee.
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Staff from public sector banks go on strike; operations hit
Operations like cheque clearances, withdrawing and depositing of money at branches were hit across the country as employees of public sector banks went on a one-day strike today to press for wage revision and other demands.
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Bank operations resume after 2-day strike
Normal banking operations, including the clearance of millions of piled up cheques, resumed on Friday in public sector banks after the 2-day strike called by unions ended. They were protesting against banking sector reforms and outsourcing of non-core services to private players.
-
No More 2-Day Wait, RBI's New Rules To Ensure Cheque Clearance Within Hours
Bank customers will no longer have to wait two working days for cheque deposits to clear. Starting October 4, the Reserve Bank of India (RBI) will implement a faster settlement system promising funds in only a few hours.
-
Banks To Clear Cheques Within Few Hours From October 4: RBI
The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days.
-
Banking Transactions May Be Hit By Nation-Wide Strike: 5 Things To Know
The United Forum of Bank Unions (UFBU) is an umbrella body of nine unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).
-
Bill Changing Law On Bounced Cheques Passed By Parliament
Bringing relief to scores of Indians aggrieved by bounced cheques, a bill permitting the filing of cases at the place where a cheque is presented for clearance and not the place of issue was approved by parliament with the Rajya Sabha giving its nod on Monday.
-
Lok Sabha Passes Bill to Deal with Cheque Bounce Cases at Clearance
The Lok Sabha today passed a bill that will allow filing a case of cheque bounce at the place it is presented for clearance and not the place of issue.
-
President Pranab Mukherjee Promulgates Ordinance to Tackle Cheque Bounce Cases
An ordinance that will allow filing of cheque bounce case at the place where the cheque was presented for clearance has been promulgated by President Pranab Mukherjee.
-
Staff from public sector banks go on strike; operations hit
Operations like cheque clearances, withdrawing and depositing of money at branches were hit across the country as employees of public sector banks went on a one-day strike today to press for wage revision and other demands.
-
Bank operations resume after 2-day strike
Normal banking operations, including the clearance of millions of piled up cheques, resumed on Friday in public sector banks after the 2-day strike called by unions ended. They were protesting against banking sector reforms and outsourcing of non-core services to private players.
