Posts tagged with "Banking & RBI"

Understand RBI rules for post-dated cheques in India, common use cases, risks, and best practices for managing PDCs in your business.

Learn what MICR code means on a cheque, where to find it, what each digit represents, and why it matters for cheque processing in Indian banks.

If your cheque bounces in India, Section 138 of the Negotiable Instruments Act can lead to fines or imprisonment up to 2 years. Full 2026 guide — legal notice, timelines, defenses, and prevention.

Cheques in India are valid for 3 months from the date of issue. Learn the stale cheque rule, how to stop payment on a cheque, fees, timelines, and legal impact — full 2026 guide.

What CTS 2010 actually requires on every Indian cheque, why RBI mandated it, the six security features that define a compliant cheque, when SMBs need to worry about compliance, and how Cheqify ensures every printed cheque meets the format. Plain-English compliance explainer.

What the cheque number on an Indian cheque actually means, where to find it, how it differs from MICR / IFSC / account number, and where it shows up in tracking, reconciliation, and stop-payment. Plain-English explainer with examples.

The official answer is T+1. The real-world answer depends on cut-off times, weekends, holidays, and whether the cheque bounces. Plain-English breakdown of CTS clearing rules in 2026, with the actual day-by-day math Indian SMBs need.

Eight cheque types you'll actually run into in India, what each one does, when to use which, and how the crossing-modifications work. Plain-English reference with real-use context — not a textbook listicle.

UPI is fast and free. So why do Indian businesses still write 30 crore cheques every year? The honest decision guide — when cheque beats UPI / NEFT / RTGS for B2B payments, and the 7 scenarios where digital rails still lose in 2026.

Short answer: yes — but only over the counter at an authorized bank and only up to ₹10,000 per challan. Above the cap, GST payment requires NEFT, RTGS, net banking, or card. Full walkthrough of the OTC cheque mechanism, the CPIN challan flow, and why most businesses skip cheques for GST in 2026.

What CTS actually does behind the scenes. The image-based clearing flow from deposit to debit, the three legacy grids that became one, the role of MICR scanning, why T+1 is the new normal, and what changed when paper stopped moving across India.