The number of rejected cheques
in June declined to 94,264 against 107797 in May.
The month of May was the most active in terms of the value of circulating cheques
, hitting AED 133 billion in value, against AED 132 billion in March, AED 129.
The woman confessed that she had signed the cheque
but denied giving it to the claimant when she stood trial before presiding judge Adnan Al Farra.
The bank said the first phase of the initiative will see the printing of a unique QR code on every leaf of the newly issued cheque
books, thereby reducing fraud by making it difficult to forge cheques
and Credit Clearing Company (C&CCC) -- the organisation that manages the cheque
clearing system -- announced on Wednesday a new industry-wide, image-based clearing system that will speed up cheque
processing "significantly" for customers across the UK.
In contrast to SWIFT transactions, the increase in the number of cheque
transactions was around 26.
Also,in the same village Saad Ali was implicated in Rs 2 lakh bogus cheque
case,and Sajid Ali was booked by police after giving Rs 300,000 bogus cheque
to Abdur Razzaq.
Any argument that the cheque
was postponed or paid in the future or that the signatory could not know if there were sufficient funds in the account is not a valid defence.
Abu Dhabi Court of First Instance heard that when the Indian went to his partner's bank he found there was not enough cash to cover the cheque
Rather than taking the traditional six days to clear, a cheque
paid in in this way clears in a maximum of two working days, or one if it is deposited by 4pm.
This project, started by the Reserve Bank of India, India's Central Bank, in December 2007 aims at easing the process of cheque
clearing in the country.
This is in line with the cheque
clearing process which is done via the Bahrain Cheque
Truncation System which commenced operation in May 2012," CBB director of banking services Ahmed Buhijji said.