The National Commission held that any individual possessing a bearer instrument is legally entitled to encash it, and the bank is bound to honour such an instrument when it is presented for payment.

Mumbai: Observing that the 73-year-old retired govt employee suffered mentally and physically during the pandemic because of the high-handedness of the bank official who did not allow withdrawal of Rs ...

If it is a bearer cheque it can be paid to anybody who presents it. Alternatively, if it is an order cheque, the named payee or the endorsee shall have to establish his identity before payment is made ...

PRESIDENT Robert Mugabe in June rejected Finance minister Herbert Murerwa's proposal to introduce a $250 000 bearer cheque when Reserve Bank governor Gideon Gono was away in Russia. Highly-placed ...

Cheque Signature Rule: Every account holder should know some important rules for the use of chequebook. In the absence of correct information, a person can become a victim of big fraud. It is ...

The Mumbai suburban Additional District Consumer Dispute Redressal Commission has reprimanded Bank of Baroda (BoB) for its “high-handed behaviour” in rejecting a senior citizen's bearer cheque, which ...

Usually, banks issue chequebooks to savings account holders. Banks issue cheques to both current account holders and savings account holders. In this era of UPI and digital transactions, the ...