- Tuesday, June 22, 2010, 22:40
- RBI
- 3 views
# has been formulated on the basis of recommendations of a working group constituted for examining the need for standardisation of cheque forms and enhancement of security features therein and after consultations with banks;# has been introduced to curtail cheque frauds on account of alterations in the various fields of cheques and to give protection to customers as well as banks;
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- Thursday, May 13, 2010, 17:58
- RBI
- 38 views
The cheque writing will not be so easy and casual again. All of us do write cheques and issue the same to our creditors, suppliers or to those whom we owe some money - loan to friends, investment in shares, payment of salary, payment of hotel bills or even medical bills or tax payment, cheque comes as a handy tool to pay the money.
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- Tuesday, February 23, 2010, 1:17
- RBI
- 18 views
Paper-based cheque clearing continues to be one of the popular modes of initiating payment transactions in the country. During the period April-December 2009, clearing houses in the country have processed on an average around 4.5 million cheques every day. Several measures have been initiated by Reserve Bank of India to ensure that this retail payment product functions in a safe and efficient manner.
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- Monday, May 11, 2009, 15:55
- Income Tax
- 59 views
Individual and small corporate taxpayers will get income or corporate tax refunds in four months, with the refund banker scheme spreading across the country soon. The refunds, arising out of tax payments and TDS collections, usually take more than a year to reach the average taxpayer. “Tax and TDS refunds will now reach the individual and [...]
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