Cheque Book

Spelling errors on cheque leads to suspension of school teacher in Himachal

A government school teacher in Sirmaur district has been suspended, days after a photo of a cheque issued by him -- riddled with glaring spelling errors -- surfaced on social media, sparking concern over the quality of education in state-run schools. The action was taken by the Directorate of School Education against drawing teacher Atter Singh of the Government Senior Secondary School in Rohnat. The Rs 7,616 cheque, issued on September 25, went viral on social media due to the striking spelling mistakes, reading "Saven Thursday Six Harendra Sixtey", drawing public ridicule. Taking note, the Directorate sought a detailed explanation from the school principal, the concerned teacher and officials responsible for the lapse, officials said. The principal and the teacher were asked to appear in person before the Director of School Education, Ashish Kohli, on Saturday. During the hearing, Singh admitted to having made the error inadvertently due to a lack of due diligence, which has not

Banks move to continuous cheque clearing, funds in hours from October 4

From October 4, cheques will be cleared on a near real-time basis under a new continuous clearing system, replacing the batch process and speeding up fund access

Continuous clearing of cheques to speed up payments, enhance efficiency

The cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours

Top Reasons Why a Cancelled Cheque Matters for Your Current Account

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No GST on chequebooks for customers, only on bank buying from printer: FM

Also, there is no GST on crematorium, funeral, burial, or mortuary services, the minister said and explained the Goods and Service Tax has been levied on the construction of new crematoriums.

PNB customers must give details of high-value cheques before clearance

To sensitise its customers against high-value cheque frauds, Punjab National Bank urged them to submit details about cheques at least a day before clearance under Positive Pay System (PPS) framework.

Seven merged banks to see cheque book changes from April 1

The banks affected by these changes are Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank.

Stay vigilant against risk of cheque fraud

Mansinghka had been remiss in allowing a stranger to write the cheque. Disappearing magic ink was used which allowed the fraudsters to alter amount and payee name

Explained: How RBI's positive pay system safeguards cheque transactions

While it will make payments via cheques safer, it will also make the process a tad cumbersome, especially for people who issue high-value cheques frequently but are not tech savvy

Retail cheque payments down to a trickle in FY20 to 2.96%: RBI data

That the efforts towards digitization have been very successful is clear from the steady fall in the share of paper clearing

Don't fret! FinMin assures it's not scrapping cheque books anytime soon

There have been reports that Centre may withdraw the facility in the near future, with an intent to encourage digital transactions