Cheque bounce consequences: How to avoid fines and legal trouble A bounced cheque can lead to serious consequences, including hefty fines, damaged credit scores, and even imprisonment. To avoid such ...

Bank of Baroda (BOB) customers from February 1 will have to comply with changes made to its cheque payments system. As per the changes, customers are requested to provide the bank advance intimation ...

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 ...

Same Day Cheque Clearing Rule: Aligning with the Reserve Bank of India’s (RBI) new guidelines on quick clearing and settlement of cheques, HDFC Bank has announced that starting October 4, 2025, ...

To make cheques safer, the Reserve Bank of India (RBI) has asked banks to implement a system called Positive Pay from January 2021. The system adds an extra layer of security to reduce cheque-related ...

The cheques that are registered in the PPS will only be accepted under the dispute resolution mechanism. Earlier, the mandatory submission of cheque details in PPS was set at Rs 10 lakh and above. As ...