To ensure better transparency and supervisory control over co-operative banks, RBI has tightened norms for utilising ?at par? cheques issued by scheduled commercial banks (SCBs) to cooperative banks. ...

Mumbai: The Reserve Bank has asked all CBS (core banking solutions) enabled banks to issue only 'payable at par' or 'multi-city' cheques to their customers to bring about more efficiency in cheque ...

The Reserve Bank of India has asked urban co-operative banks (UCBs) to utilise the ‘at par’ cheque facility only for limited purposes, including for their own use. The restriction has been imposed in ...

Despite the widely touted explosion in online banking, clearing houses in the country processed an average of 4.5 million cheques per day between April and December 2009. While at par cheques might ...

You no longer need to be a high networth client or a businessman to use at par facilities of the bank. UTI Bank has now launched at par facility for all its savings account holders. Currently, cheques ...

Mumbai: Bank account holders can continue to use their old format cheques for another three months as the Reserve Bank of India (RBI) has extended the deadline for banks to issue new cheques with ...

Bank account holders can continue to use their old format cheques for another three months as RBI has extended the deadline for banks to issue new cheques with uniform security features till March ...

According to the earlier rulebook, all post office savings bank cheques issued by any CBS Post Office would have to be treated as at par cheques and would not be sent for clearing. NEW DELHI: ...

The Reserve Bank on Monday directed all banks to issue cheques with uniform features conforming to Cheque Truncation System (CTS) 2010 standard by end of this month. The homogeneity in security ...