Positive Pay System: Know how it prevents cheque fraud and secures high-value transactions
The Positive Pay System (PPS) by the RBI enhances cheque security by requiring issuers of cheques over ₹50,000 to pre-register details like cheque number, date, amount, and payee name. This prevents ...
Bank Strike: PSU, private, and rural banks to face nationwide service disruptions for four days starting tomorrow
The UFBU, which represents nine bank unions, has put forward several demands, arguing that the government and management have ...
Holi bank holiday 2025: Banks to be closed for 3 days—check state-wise list
Specifically, banks will be closed from March 13, Thursday to March 16, Sunday, in certain regions due to Holi and the ...
Mumbai: Chembur RCF Company’s ₹31 Crore Cheque Fraud Exposed, Police Identify One Suspect; Manhunt Underway
Mumbai: In a shocking case of corporate fraud, 62 cheques worth ₹31 crore were stolen from Rashtriya Chemicals and Fertilizers (RCF) in Chembur, Mumbai. The fraudsters attempted to cash in two of the ...