This article provides notes on the Reserve Bank of India (RBI). The Reserve Bank of India is the central Bank of the country entrusted with the task of monetary stability, the management of currency and the supervision of the financial as well as the payment system. In a simple manner we can understand that the Reserve Bank of India controls [...]
This article will guide you about how to use a cheque. 1. On the right hand side there is space to mention the date when the cheque is issued. (It is mandatory to mention the date on the cheque without which a cheque can be dishonored) Please write at least month in words like June 2011. 2. In next line [...]
After reading this article you will learn about the collection of local and out station cheques. Collection of Local Cheques: All cheques and other negotiable instruments payable locally are presented through the clearing system prevailing at the center. Cheques deposited at the counters and in collection boxes within the branch premises before the specified cut-off time are normally presented for [...]