for cheques above Rs 50000

New Rules For Cheque Payments From January 1: Re-Verification Of All Cheques Above Rs 50,000 Some time back, the Reserve Bank of India (RBI) decided to introduce the 'positive pay system' for cheque payments which will come into effect…

Cheques Will Become Fraud-Free, Super-Safe With Positive Pay Mechanism: How Will It Work? For making cheque payments safer, the Reserve Bank of India (RBI) has announced the introduction of ‘Positive Pay’ for all the cheques above…