Firoz Muhammed, managing partner of a private firm in Kochi went to the bank the other day, to submit cheques in the new format to replace the older ones for his car loan. He had initially thought ...

All those who have yet to apply for the new 'CTS-2010' cheque format need to do so before March ... Vivek Dwivedi, deputy bank manager, ICICI Bank Ltd, said, "Earlier, we had to spend a lot ...

name of the bank and date of intimation of dishonour of the cheque, in a format that has already been kept ready. While earlier an advocate would write the complaint and file it in court ...

The process is speeded up by what is called a cheque truncation system (CTS). More than 60 per cent of bank account holders are, however, not aware of the rule, and have not picked up new cheque ...

The RBI has once again extended the deadline for issuance of new format cheque till July-end. It has asked the banks to issue new cheque books only under the new format and gave them time till ...

the new cheque format is hard-bound, cannot be folded and bears a encrypted strip with electronic code which identifies the issuing bank. the punjab national bank (pnb) which has been assigned the ...

To ensure interoperability of the standard electronic process across all participating banks, the central bank has mandated the use of a uniform "CTS2010-compliant" cheque format that differs from ...

The Central Bank’s governor yesterday said cheques cleared via the Bahamian ... banks are transitioning to the new payments messaging format that has been adopted by the ACH.