EPFO allows small firms to pay dues by cheques and drafts

Giving a breather to small firms, retirement fund body EPFO has allowed employers, whose statutory contribution is less than Rs 1 lakh, to make payment through bank drafts, banker's cheques and local cheques till December this year.

EPFO allows small firms to pay dues by cheques and drafts

Giving a breather to small firms, retirement fund body EPFO has allowed employers whose statutory contribution is less than Rs 1 lakh to make payment through bank drafts, banker's cheques and local cheques till September this year.

Haryana govt releases cheques for Rs 28 crore for farmers

Haryana goverment today released cheques for a total of Rs 28 crores for rain-hit farmers here whose crops were damaged in the unseasonal rains in the state.

RBI to do away with need to return paid govt cheques to depts

Easing norms to enhance efficiency of cheque clearing system, the Reserve Bank starting next month will do away with the requirement of returning back paid government cheques to the concerned departments.

Manish Tewari distributes Rs 60 lakh cheques for development

Union Minister Manish Tewari today distributed cheques to the tune of Rs 60 lakhs for development works in different villages in Dakha from his MP Local Area Development (MPLAD) fund.

Don’t pay over Rs 50K in cash for at-par cheques: RBI to banks

To mitigate the risk of money laundering and terror funding, the Reserve Bank Tuesday asked banks not to pay more than Rs 50,000 in cash to customers holding at-par cheques.

Only 3.6% households go in for cashless dealings: Report

Just 3.6 percent households in the country undertake cashless transactions, although the government and the Reserve Bank have been taking steps to promote e-payment channels, says a report.

Levy charges on cash withdrawal, deposits by cheques: RBI

Seeking to discourage usage of cheques, an RBI paper Thursday suggested that banks should charge cash withdrawal and deposit through cheques, while the government agencies should do away with 'convenience charges' for online payment of utility bills.

Cheques worth $500 mn found at Jerusalem’s Western Wall

A worshipper has found an envelope containing 507 cheques at the Western Wall in Jerusalem.

RBI asks banks to issue cheques with uniform features by Sep30

To ensure the time-bound migration to CTS-2010 standard cheque formats, all banks are advised to arrange only "multi-city or payable at par CTS-2010 standard cheques not later than September 30, 2012," it said.

Now, an electronic cheque!

Traditional cheques may soon be a thing of the past.

Value of cheque transactions down 6% in October: RBI

Banks had cleared cheques worth Rs 9.07 lakh crore in October, 2010, according to the Reserve Bank of India (RBI).

Different signature on cheque may invite penal action: HC

Bouncing of a cheque due to difference in signature of the account holder may expose him to prosecution on charges of cheating, the Delhi High Court has held.

Amy Winehouse’s father returning charity cheques

Mitch had announced his intentions to set up the rehabilitation clinic last July to help young people struggling with drink and drug addictions.

Cheques distributed to beneficiaries sans signature taken back

Cheques distributed to 35 poor beneficiaries by Maharashtra`s Social Justice Minister Shivajirao Moghe did not bear signatures and were taken back after the Minister left the venue.

Labourers selling MGNREGA cheques in Jharkhand

In the absence of
banking services in rural Jharkhand, some labourers had sold
their MGNREGA cheques to `middlemen` for a discount to get the
money on the spot, state Chief Secretary Ashok Kumar Singh
said on Wednesday.

No third-party cheques for mutual fund investments

Next time you are investing in mutual funds, make sure you issue a cheque from your own bank account, as fund houses will soon start rejecting third-party payments.

Fake cheques scam unearthed in Kanpur bank

A fake cheques scam estimated to the tune of Rs 52 crore has been unearthed in the State Bank of India`s (SBI) main branch here. Seven bank officers have been suspended, a SBI official said Wednesday.