Category: Banking, Payments & Bank Holidays

Everyday banking: UPI, cheques, Aadhaar and PAN, bank accounts, and the monthly bank holiday lists.

Top 5 Bank Festive Offers

Quick check: Check any lender’s RBI registration before you sign: our directory of RBI-registered lenders lists each NBFC’s registration details, regional office and complaint contacts. For example, see our pages on Scaleup Financial Services and Innofin Solutions. 1. HDFC Bank Festive Schemes Home, Personal, Auto Loans included The largest private lender in India, HDFC Bank, […]

What to Do If a Cheque Bounces?

One of the frequent financial offences that can place the issuer in legal problems and harm their credit is a bounced check. There are a lot of court cases in India that include check bounce offences that are still unresolved. A check bounces if the issuer writes a poor check, whether for technical reasons such […]

Things to know about Bank Cheque

Cheques are the backbone of the banking industry and are still a very important negotiable instrument in the country. Reserve Bank of India (RBI) report says India’s cheque volumes declined only by 10.8% between 2012 and 2017, though the apex bank does expect the volumes to go down drastically by 2021. While traders and small […]

Cheque Truncation System

Cheque Truncation System or CTS is the cheque clearance system introduced by RBI to fasten up the clearing of cheques. In this system, instead of producing the physical cheques to the payee bank, just the electronic image of the cheque along with the MICR code and other cheque credentials are transmitted to the drawee bank […]

Cheque Bounce Notice

Quick check: Getting recovery calls from a loan app? Know what RBI says recovery agents cannot do, and check the lender behind the app in our loan app directory. For example, see MoneyTap / Freo and Chinmay. What is Dishonor/Cheque Bounce? A Dishonored Cheque is cheque that the bank on which is drawn declines to […]