During 2024-25, the RBI had added 54.13 metric tonnes of gold. The Reserve Bank of India (RBI) has introduced continuous clearing and settlement of cheques throughout business hours (10 am to 4 pm).

To support the system the bank agrees to pay the amount n the cheque when it is properly presented, assuming there are sufficient funds in the payer's account to cover the amount of the cheque. There ...

The Uttarakhand High Court has held that once the execution of a cheque or the signature thereon is admitted, the statutory ...

Westpac will be the only major bank to continue to issue cheque books to customers. Banks have been phasing out the once popular banking method as it plummets in demand. ANZ announced this week it had ...

Signing a cheque? It is important to be cautious before doing it due to the legal and financial implications involved. A signature on a cheque signifies authorisation for the mentioned payment, making ...

SINGAPORE — All corporate cheques will be eliminated by end-2025 while individuals will still be able to use cheques for a period after 2025, the Monetary Authority of Singapore (MAS) announced on ...

How Canadians interact with money - both physical and digital - is changing as financial technology evolves. The options available to Canadians to make payments have never been more plentiful: from ...

If you make payments through cheque, then be more careful before issuing a cheque to any person. The Reserve Bank of India (RBI) has made some changes in banking rules that came into effect on August ...

Despite the convenience of PayNow, GrabPay, FavePay, and the countless payment apps that make our lives easier, there are still people and organisations that don't accept online or credit card ...