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Cheques from these PSBs won't be valid from October 1
Customers can request new cheque books through ATM, internet banking or call centers.
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A guide for changing loan repayment method
To repay a loan, usually three types of payment methods are allowed — standing instructions, post-dated cheques and electronic clearing service
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Digital payments will grow to 71.7% of all transactions by 2025: Report
According to a report by ACI Worldwide, cash and cheques, the other payment alternatives, will occupy only 28.3% share
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Faster clearance of cheques from 18,000 bank branches not under CTS by September: RBI
The central bank also said it will set up a 24x7 helpline for digital payments services to secure them more against fraud and phishing.
