Business
Paper Based Payments
Paper-based payments are in the form of cheques, demand drafts, payment orders, banker’s cheques, refund orders, warrants etc. These are also referred to as negotiable…
Banking
Business
Credit Monitoring
Credit monitoring is the process of periodically reviewing your credit reports for accuracy and changes that could be indicative of fraudulent activity. It can be…
Business
Characteristics of a MICR cheque
Characteristics of a MICR cheque The short form for Magnetic Ink Character Recognition is MICR, which is a recognition technology based on characters printed with…
Business
Types of Crossing of Cheque
Types of Crossing of Cheque A cheque is a negotiable instrument during the process of circulation, a cheque may be lost. Stolen or the signature…
Business
Bounced Cheque
Bounced Cheque When a cheque is refused by a bank and returned to the person who wrote it due to insufficient funds, it is called…
Business
Payment in due Course
Payment in due course is a payment made at or after the maturity of a bill of exchange to the holder of the bill by…
Business
What risks a do banker incur in honoring a post-dated cheque?
The person who performs the banking activities such as accepting of deposits, lending money, withdrawing facilities, exchanging of money is known as a banker. The…
Business
As a paying banker, when you refuse for the payment of a cheque?
The person who performs the banking activities such as accepting of deposits, lending money, withdrawing facilities, exchanging of money is known as a banker. In…
Business
What precautions should a paying banker take while honoring cheque?
The banker, who is liable to pay the value of a cheque of a customer as per the contract, when the amount is due from…
Business
Forgery of Drawer’s Signature
Forgery of Drawer’s Signature The term “forged check” is often used to describe a check on which the drawer’s signature is forged or unauthorized. Such…
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