Jan 15, 2025 · Collection of cheques is a mode of remittance from Bank of India used to draw foreign currency purchased from your banker abroad. Read more here!

1 day ago · The funds on an account payee cheque are only transferred into the payee’s bank account, reducing the chance of fraud or misuse. 2. Validity. As per RBI (Reserve Bank of India) mandate, an account payee cheque is valid for three months from the date of issue. This is a 3. Inability to Encash Over the Counter

Mail Transfers to our branches in India and overseas centres in all major currencies. Transfer via S.W.I.F.T. and Telex in all major currencies. USD Travellers cheques.

Jan 21, 2025 · Recent social media posts have sparked confusion by claiming that the Reserve Bank of India (RBI) has prohibited the use of black ink on cheques. The government's Press Information Bureau (PIB) has rejected as false claims that cheques written in black ink would be rejected as a measure to enhance security and prevent fraud.

Jan 19, 2025 · Claim: The Reserve Bank of India (RBI) has revised the guidelines for filling out cheques, prohibiting the use of black ink. Cheques must now be written exclusively in blue or green ink.

Jan 17, 2025 · One of the latest changes introduced by the Reserve Bank of India is Black Ink Banned on Cheques. Effective January 1, 2025, this rule mandates that cheques must be written exclusively in blue or green ink.

Jan 18, 2025 · Claim: The Reserve Bank of India (RBI) has revised the guidelines for filling out cheques, prohibiting the use of black ink. Cheques must now be written exclusively in blue or green ink.

Jan 31, 2025 · Over 80% of employers in India use cancelled cheques to directly deposit employee salaries into bank accounts. A cancelled cheque includes key banking details such as bank account number, IFSC code , and MICR code .

Jan 20, 2025 · The Reserve Bank of India has not issued any rules prohibiting the use of black ink on cheques, countering misinformation spread on social media. The Press Information Bureau clarified that there are no specific ink color guidelines for writing cheques.

2 days ago · A bounced cheque, also known as a dishonoured cheque, occurs when a bank refuses to process a cheque for payment. This can happen for various financial and non-financial reasons. When a cheque bounces, both the issuer (drawer) and the recipient (payee) face consequences, ranging from penalties to legal action.