If your chequebook is not compliant with RBI's cheque truncation system (CTS), implemented from October 1, it may be invalid from January 1, 2013.

We give you a lowdown on the changes. 1. The IFSC and MICR codes, predictably are a must on every cheque leaflet. 2.

“Validity of eSyndicate Bank Cheque Book up to 30.06.2021. Present eSyndicate Cheque with old MICR (Magnetic Ink Character Recognition technology) and IFSC before 30.06.2021 to avoid dishonour ...

This story is from October 2, 2001 Banks struggle with new cheque regime Mohit Dubey / TNN / Oct 2, 2001, 03:21 IST AA Follow us ...

The MICR code and cheque books of the erstwhile Allahabad Bank will be discontinued from 01.10.2021. Get new cheque books from your nearest branch or apply through internet banking/mobile banking ...

This story is from March 10, 2021 Erstwhile Syndicate Bank cheque books, IFSC & MICR codes valid till June 30 Mamtha Asokan / TNN / Mar 10, 2021, 23:42 IST Follow us ...

So, if you have an old cheque book from any of these banks then you will have to apply for a new cheque book, so that you do not face any problem in future transactions. See Zee Business Live TV ...

5.Transaction code: The last two digits at the bottom of the cheque help in decoding whether the cheque is current or a saving account cheque. MICR also tells whether the cheque is at par.

New cheque book and passbook will be issued to the account holders of these banks as the previous ones will become invalid from April 1.

"Dear customers, old cheque book of eOBC and eUNI are going to be discontinued from 1-10-2021. Please replace your old cheque book of eOBC and eUNI with updated PNB IFSC and MICR.

“Customers can continue to use the cheque books issued by erstwhile Syndicate Bank branches and their IFSC / MICR codes till June 30, 2021,” the bank said in a statement. Customers can obtain ...

Magnetic ink character recognition printing software - better known as MICR - addresses some major pain points for accounting professionals by enabling them to just print their own firms’ checks and ...