Search Results for: cheque

Cheque In Electronic Form, redefined, Implications on E Banking

…“Cheques in Electronic Form”. The amended section then read: 6. “Cheque”.– A “cheque” is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise… Continue reading

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Who is Responsible for Cheque Cloning?

…2003, after the Negotiable Instruments Amendment Act 2002 came into force, Cheques in Electronic Form and Truncated Cheques were brought into the system. Since then RBI has been introducing many… Continue reading

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A Note for the attention of SMEs- on Cheque Disincentivisation

cheques leaves are issued and again when cheques are released to the beneficiaries and cheques are collected by the beneficiaries. If users think of shifting to cash, then Cash withdrawals… Continue reading

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Why Cheque System is also important for Netizens

cheque, a cheque which is materially altered, a cheque which is presented beyond a reasonable time etc. If we look at the E Banking scenario, RBI has clarified that E… Continue reading

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Cheque Cloning Fraud that exposes the weaknesses in the Banking system

…Banks are following the “Truncated Cheques” system of clearance where the paying bank does not receive and verify the cheque. It receives only a digital copy of the cheque forwarded… Continue reading

Posted in Cyber Law | 2 Comments

RBI set to rob Rs 10000 crores from Bank customers!

…5 per cheque. The charges for issue of cheques could be around Rs 25 per cheque. Charges for collection could be at least another Rs 25/- per cheque or it… Continue reading

Posted in Bank, Cyber Crime, ITA 2008, Netizen's Forum, RBI | Leave a comment