Banking
Bearer Cheque vs Order Cheque: Differences, Safety, and When to Use Each
A bearer cheque pays whoever presents it; an order cheque pays only the named payee or their endorsee. Learn the differences under…
BankingHow to Make Bill Payments and Challan Filling Through SBI Online
Pay bills on YONO and OnlineSBI, file income tax, GST and SBI Collect challans, and check payment status. Updated for the Income-tax…
BankingPositive Pay System (PPS): How It Protects Against Cheque Fraud
Quick answer: The Positive Pay System (PPS) is an RBI-mandated cheque verification process where the person issuing a cheque shares its key…
BankingHow to Deposit a Cheque: Step-by-Step Process for Banks and Branches
To deposit a cheque in a bank in India, fill a cheque deposit slip (pay-in slip) with your account number, cheque number,…
BankingHow Long Does Cheque Clearing Take: Complete Time Guide for All Banks
Quick answer: Cheque clearing time in India is now the same working day for most cheques. Under RBI’s continuous clearing system, a…
BankingSBI Demand Draft: How to Issue, Apply, and Track Online
Quick answer: An SBI demand draft (DD) is a prepaid bank instrument you can buy at any SBI branch or through OnlineSBI…
BankingWhat is Cheque Bounce: Meaning, Consequences, and Legal Implications
Quick answer: A cheque bounce is when a bank refuses to pay a cheque and returns it unpaid, most often because the…
BankingSection 138 NI Act: How Cheque Bounce Cases Are Prosecuted in India
Quick answer: Section 138 of the NI Act, 1881 makes it a criminal offence when a cheque given to pay a debt…
BankingDrawer, Drawee, and Payee in Banking: Complete Definition and Roles
Quick answer: In banking, the drawer is the account holder who writes and signs a cheque, the drawee is the bank ordered…
BankingCancel Cheque Image: What It Is, Why You Need It, and How to Get One
A cancel cheque image is a clear photo or scan of a cheque leaf that has two parallel lines drawn across it…
BankingCheque vs Check: Correct Spelling and Usage in Banking
Quick answer: The correct spelling in Indian banking is cheque. A cheque is a written order to a bank to pay a…
BankingHow to Write Amounts in Words on Cheques: Complete Guide with Examples
To write an amount in words on a cheque, spell the figure in the Indian numbering system, start with “Rupees”, end with…