Cheque Payment
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Good news for bank customers: RBI says banks will clear cheques within few hours from October 4
Business | Aug 13, 2025, 10:39 PM ISTThe RBI said there will be a single presentation session from 10:00 AM to 4:00 PM and cheques received by the branches shall be scanned and sent to the clearing house by the banks immediately and continuously during the presentation session.
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PNB to make high-value cheque verification system mandatory from April 4
Business | Mar 02, 2022, 09:30 AM ISTThe system, developed by the National Payments Corporation of India (NPCI), mandates a customer issuing the high-value cheque to reconfirm some essential details which are cross-checked while presenting the cheque in clearing before payment.
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New rule for cheque payments from January 1. All you need to know
Business | Dec 13, 2020, 02:52 PM ISTRBI governor Shaktikanta Das had earlier announced that ‘positive pay system’ for cheque will be introduced soon, under which re-confirmation of key details will be needed for payments beyond ₹50,000.
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Positive pay system for cheque payments to come into effect from Jan 1: RBI
Business | Sep 25, 2020, 09:49 PM ISTIn order to check banking fraud, the Reserve Bank of India has decided to introduce from January 1, 2021, the 'positive pay system' for cheque, under which re-confirmation of key details may be needed for payments beyond Rs 50,000.
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After noteban, cheque books could be next on Modi's agenda in push for less-cash economy
Business | Nov 21, 2017, 06:33 PM ISTThe government could withdraw the cheque book facility to push debit and credit card transactions, a senior trade body official said.
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RBI asks banks to alert customers in high value cheque payment
Nov 06, 2014, 12:34 PM ISTMumbai: To clamp down on cheque-related fraud cases, the Reserve Bank of India (RBI) on Wednesday asked banks to alert account holders by a phone call and contact the base branch in case of non-home