Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech ...
During 2024-25, the RBI had added 54.13 metric tonnes of gold. The Reserve Bank of India has introduced real-time clearing of cheques. However, technology integration glitches, inadequate training of ...
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Cheque bounced in Dubai? Here's what happens next
Question: I’ve seen conflicting information online, so let me ask clearly: What happens if a cheque bounces in Dubai? Answer: In the UAE, if a cheque issued by an individual (drawer) or entity (drawee ...
The RBI has decided to transition the Cheque Truncation System (CTS) to “continuous clearing with on-realisation settlement” in two phases, with the first phase beginning on October 4, 2025 and the ...
Cheque’s beneficiary has the option to reject a partial payment Banks operating in the UAE can no longer stop payment against a cheque even when the cheque drawer’s account does not have enough funds ...
Amendments to UAE Commercial Transactions Law will come into effect on January 2 The UAE's Central Bank has come out with clarifications on the law regarding de-criminalisation of bounced cheque cases ...
“To facilitate transition to continuous clearing, it has been decided to modify session timings and conduct special clearing in the cheque truncation system (CTS) on October 3,” RBI said. MUMBAI: The ...
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