Cheque Clearance
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Banks To Clear Cheques On Same Day From Tomorrow: RBI
Private banks, including HDFC Bank and ICICI Bank, have informed that they will start same-day cheque clearance from October 4, following the Reserve Bank of India's (RBI) updated settlement framework for quicker and more secure payments.
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RBI To Start Continuous Cheque Clearing From October For Faster Settlements
The move is aimed at enhancing efficiency, reducing settlement delays and improving customer experience in cheque-based transactions.
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Bank Strike Today; Cash, Cheque Transactions Hit
Top private lenders like ICICI Bank, HDFC Bank and Axis Bank however will continue to function normally but cheque clearing operations could be hit.
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Government Notifies New Norms to Deal With Cheque Bounce Cases
The government has notified the Negotiable Instruments (Amendment) Bill, 2015, which allows filing of cheque bounce cases in a court at the place where it was presented for clearance and not the place of issue.
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Now File Cheque Bounce Cases Locally
People can now file cases related to cheque bounceat the place where the cheque is presented for clearanceand not at the place of issue, as per the new law which gotPresident Pranab Mukherjee's assent recently.
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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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Banks To Clear Cheques On Same Day From Tomorrow: RBI
Private banks, including HDFC Bank and ICICI Bank, have informed that they will start same-day cheque clearance from October 4, following the Reserve Bank of India's (RBI) updated settlement framework for quicker and more secure payments.
-
RBI To Start Continuous Cheque Clearing From October For Faster Settlements
The move is aimed at enhancing efficiency, reducing settlement delays and improving customer experience in cheque-based transactions.
-
Bank Strike Today; Cash, Cheque Transactions Hit
Top private lenders like ICICI Bank, HDFC Bank and Axis Bank however will continue to function normally but cheque clearing operations could be hit.
-
Government Notifies New Norms to Deal With Cheque Bounce Cases
The government has notified the Negotiable Instruments (Amendment) Bill, 2015, which allows filing of cheque bounce cases in a court at the place where it was presented for clearance and not the place of issue.
-
Now File Cheque Bounce Cases Locally
People can now file cases related to cheque bounceat the place where the cheque is presented for clearanceand not at the place of issue, as per the new law which gotPresident Pranab Mukherjee's assent recently.
-
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.
