Cts

  • RBI extends deadline for issuance of new format cheques March 18, 2013

    Mumbai: The RBI on Monday asked banks to issue new cheque books only under the new format and gave them time till July-end to withdraw the old format cheques. All cheques currently with customers in the old format (non-Cheque Truncation System) will continue to be valid for another four months...
  • NBFCs to migrate to new cheques by March 13 December 23, 2012

    New Delhi: Borrowers from NBFCs have now time till March 31 to replace their old system bank cheques with new ones with added security features for their EMI payments, as RBI has extended the deadline in this regard for non-banking finance companies. In a circular RBI said that it has...