Kerala HC: Applications under the Muslim Women’s Divorce Act Have a 3-Year Limitation Period  ||  Supreme Court: Property Transferred Before Filing a Suit Cannot be Attached under Order 38 Rule 5  ||  Supreme Court: No Review or Appeal is Maintainable Against an Order Appointing an Arbitrator  ||  SC: Terminated Contract is Not a Corporate Debtor’s Asset and a Moratorium Cannot Revive it  ||  SC: Cheque Dishonour Complaints Must be Filed at the Payee’s Home Branch under S.142(2)(A)  ||  Supreme Court: Bail Cannot be Granted Solely on Parity; Accused’s Specific Role Must be Assessed  ||  Kerala HC Upholds Life Terms For Five, Acquits Two in Renjith Johnson Murder, Says TIP Not Needed  ||  Kerala HC Orders Emergency Electric Fencing at Tribal School to Address Rising Wildlife Conflict  ||  Madras HC: Arbitrator Can’t Pierce Corporate Veil to Bind Non-Signatory and Partly Sets Aside Award  ||  Calcutta HC: Post-Award Claim For Municipal Tax Reimbursement is Not Maintainable under Section 9    

RBI Implements ‘Positive Pay’ System for Cheque Transactions - (31 Dec 2020)

BANKING

Reserve Bank of India (RBI) has implemented ‘Positive Pay’ system for cheque transactions above Rs 50,000, to enhance security and reduce instances of fraud occurring on account of tampering of cheque leaves, which will come to effect from 1st January 2021. Positive Pay System involves a process of reconfirming key details of large value cheques.

Tags : RESERVE BANK OF INDIA   POSITIVE PAY SYSTEM  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved