Search Results for: cheque

ICICI Bank Credit Card fraud surfaces at Mysore

A serious credit card fraud has been reported from Mysore where a holder of ICICI Bank credit card has found that nearly RS 1 lakh has been debited to his credit card account on account of an airline ticket purchase … Continue reading

Posted in Bank, Cyber Crime, Netizen's Forum, RBI | 1 Comment

Why this Kolaveri

During the last 10 days, Naavi.org has been discussing the implications of the discussion paper released by RBI for public comments on “Disincentivisation of the use and issuance of cheques”. We have pointed out several dimensions of the discussion paper … Continue reading

Posted in ITA 2008, Netizen's Forum, RBI | Leave a comment

Cooperative banks need to gear up to Internet Banking

The discussion paper on Disincentivisation of cheques issued by RBI has indicated a hard policy push towards use of E Banking in the form of Internet Banking and ATM. Many of the Cooperative Banks and Regional Rural Banks may not have … Continue reading

Posted in Cyber Crime, Privacy, RBI | 1 Comment

Dear RBI Governor, Can you do what you are suggesting others?

I would like to draw the attention of RBI to the following paragraph in the discussion paper on Disincentivisation of Cheques issued by them. “companies, schools and educational institutions, etc which receive payment and (should) provide an immediate documentary evidence … Continue reading

Posted in RBI | Leave a comment

Dear Senior Citizens, You are unwelcome at Banks..implies RBI

The RBI discussion paper on “Disincentivisation of issuance and use of cheques”  wants to impose penalties for using cheques in banking transactions as also for cash withdrawals and deposits. Instead it urges people to shift to Internet banking and ATMs. … Continue reading

Posted in Bank, Cyber Crime, Cyber Law, RBI | 2 Comments

RBI Move will encourage Private Cash Management Services

The ill advised and illegal move of RBI to “Disincentivise usage of Cheques” through policy measures of penalizing cheque issuers and cheque beneficiaries is likely to have a serious negative impact on the economy with a significant increase of cash … Continue reading

Posted in Bank, RBI | Leave a comment