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	<title>Accountinghead &#187; Banking</title>
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	<description>Your Accounting,Financial updater</description>
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		<title>Validity of Cheques,draft,payorder,banker&#8217;s cheque reduced to three months from April 1 2012</title>
		<link>http://www.accountinghead.com/index.php/validity-of-cheques-draft-payorder-bankers-cheque-three-months/</link>
		<comments>http://www.accountinghead.com/index.php/validity-of-cheques-draft-payorder-bankers-cheque-three-months/#comments</comments>
		<pubDate>Sat, 05 Nov 2011 13:34:07 +0000</pubDate>
		<dc:creator>SAJU ( ADMIN)</dc:creator>
				<category><![CDATA[Banking]]></category>

		<guid isPermaLink="false">http://www.accountinghead.com/?p=1100</guid>
		<description><![CDATA[Usually in India Bankers accepts cheques, demand drafts, pay orders banker’s cheques for six months from the date of issue. This gives some benefits to customers like issuing postdated cheques. Government of India has notified the reserve bank of India that the above facility is misusing by people in some area as the instrument is [...]]]></description>
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		<title>Account payee crossing is mandatory for demand draft Rs 20000/- and above</title>
		<link>http://www.accountinghead.com/index.php/account-payee-crossing-is-mandatory-for-demand-draft-rs-20000-and-above/</link>
		<comments>http://www.accountinghead.com/index.php/account-payee-crossing-is-mandatory-for-demand-draft-rs-20000-and-above/#comments</comments>
		<pubDate>Sat, 05 Nov 2011 12:19:41 +0000</pubDate>
		<dc:creator>SAJU ( ADMIN)</dc:creator>
				<category><![CDATA[Banking]]></category>

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		<description><![CDATA[Reserve bank of India advised all scheduled commercial banks to mark account payee crossing for all demand draft  amounting Rs 20000/- (Rupees  twenty thousand )and above. This has notified yesterday (04-11-2011) vide notification Number DBOD.BP.BC. No. 49 / 21.01.001/2011-12. Reason for the decision Demand draft with account payee crossing can be used to credit into [...]]]></description>
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		<title>RTGS limit increased to 2 Lakhs w.e.f 15.11.2010</title>
		<link>http://www.accountinghead.com/index.php/new-threshold-limit-for-rtgs-2-lakh-wef-nov-15-2010/</link>
		<comments>http://www.accountinghead.com/index.php/new-threshold-limit-for-rtgs-2-lakh-wef-nov-15-2010/#comments</comments>
		<pubDate>Sun, 14 Nov 2010 18:01:46 +0000</pubDate>
		<dc:creator>SAJU ( ADMIN)</dc:creator>
				<category><![CDATA[Banking]]></category>

		<guid isPermaLink="false">http://www.accountinghead.com/?p=795</guid>
		<description><![CDATA[Reserve bank has notified an increment of RTGS threshold limit from 1 lakh to 2 lakh with effect from 15.11.2010. This has decided in consultation with participating bank in RTGS System. Since the implementation of RTGS system in March 2004, the number of transaction and value has increased tremendously. In such situation it has been [...]]]></description>
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		<title>Cheque cannot altered or corrected wef-01-12-2010 as per RBI notification</title>
		<link>http://www.accountinghead.com/index.php/cheque-cannot-altered-or-corrected-wef-01-12-2010-as-per-rbi-notification/</link>
		<comments>http://www.accountinghead.com/index.php/cheque-cannot-altered-or-corrected-wef-01-12-2010-as-per-rbi-notification/#comments</comments>
		<pubDate>Wed, 21 Jul 2010 03:41:46 +0000</pubDate>
		<dc:creator>SAJU ( ADMIN)</dc:creator>
				<category><![CDATA[Banking]]></category>

		<guid isPermaLink="false">http://www.accountinghead.com/?p=688</guid>
		<description><![CDATA[As a part of implementing cheque truncation in India, Reserve bank of India in has decided not to accept cheque with alteration or correction for clearing. Altered cheques will start rejecting with effect from 01.12.2010. At present the regulation is applicable to Delhi only. The notification is applicable for a cheque cleared under image based [...]]]></description>
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		<title>Cheque truncation- CTS or image based clearing system –ICS in India</title>
		<link>http://www.accountinghead.com/index.php/cheque-truncation-cts-or-image-based-clearing-system-%e2%80%93ics-in-india/</link>
		<comments>http://www.accountinghead.com/index.php/cheque-truncation-cts-or-image-based-clearing-system-%e2%80%93ics-in-india/#comments</comments>
		<pubDate>Mon, 19 Jul 2010 04:37:44 +0000</pubDate>
		<dc:creator>SAJU ( ADMIN)</dc:creator>
				<category><![CDATA[Banking]]></category>

		<guid isPermaLink="false">http://www.accountinghead.com/?p=678</guid>
		<description><![CDATA[Modern business demands faster cheque clearing system to meet immediate financial requirement and to make faster payments. Keeping this in mind Reserve bank of India has introduced many fast fund transfer system Like RTGS, EFT, ECS. However conventional method of issuing  cheque and depositing still exists at larger volume. This system cannot be eliminated or [...]]]></description>
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		<slash:comments>2</slash:comments>
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