In today's modern era, the UPI medium has brought a revolution in the transaction of money, but an ancient method of transaction has been used for many years through checks. But one thing that often ...

In simple words, a cheque is an order to a bank to pay a particular sum of money from the account of the issuer of the cheque, written on a specifically printed form. The issuer of the cheque is ...

ABU DHABI (Reuters) - Foreigners still risk being imprisoned for bouncing cheques in the United Arab Emirates, as a government order which decriminalises the offence applies only to local citizens, an ...

In the UAE, it is legally permissible for banks to close a customer’s account if multiple checks are returned due to insufficient funds. All the banks and financial institutions in the UAE are ...

Dubai: A woman says she has been hiding from the police for the past three years over bounced cheques which her boss used to pay the rent on his office. Her boss fled the country soon after taking her ...