In the presented cheque, $2,000 was written in words while $5,000 was in numbers. As soon as the mistake was highlighted on social media, Sri Lanka Cricket (SLC) apologised for it.

Pune: Account holders and merchants continue to face delays in cheque processing under the newly implemented single presentation cheque clearance system, despite the National Payments Corporation of ...

National Institutional Facilitation Technologies (Pvt) Ltd (NIFT) was incorporated in September 1995 as a joint venture between a consortium of six banks and entrepreneurs from the private sector.

The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...

RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...

The Supreme Court on Tuesday held that a cheque is dishonoured only if it represents a “legally enforceable debt” on the date of its maturity or presentation. “For the commission of an offence under ...