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Your high-value cheque might bounce, even if you did everything right
Your high-value cheque might bounce, even if you did everything right

Business Standard

time3 days ago

  • Business
  • Business Standard

Your high-value cheque might bounce, even if you did everything right

If you're writing a cheque for a large amount, just signing and handing it over is no longer enough. Banks have made it mandatory to high-value cheques, usually of Rs 5 lakh and higher, go through the Positive Pay System (PPS) to prevent fraud. If you skip this step, your cheque may get rejected, even if everything else is in order. What Is the Positive Pay System? PPS is a security measure introduced by the Reserve Bank of India (RBI) to reduce fraud in cheque transactions. It requires the issuer of the cheque to share key details, such as cheque number, date, amount, and beneficiary name, with the bank before the cheque is presented for clearing. The bank then verifies this information with what is presented during the cheque-clearing process. If there's a mismatch, the cheque is flagged or stopped. PPS Mandatory for high-value cheques Most major Indian banks have now made PPS mandatory for cheques of Rs 5 lakh and above. Some banks allow voluntary submission for amounts above Rs 50,000, but mandate it beyond Rs 5 lakh. Here's what top banks say: State Bank of India: Mandatory for cheques of Rs 5 lakh and above. Union Bank of India: PPS mandatory from Rs 5 lakh upwards. IDBI Bank and Bank of India: Also follow similar thresholds and encourage customers to use PPS proactively. Cheque fraud often involves: Alteration of amount or payee name Cheque theft and misuse Fake endorsements or cloning Without PPS, the bank only sees the physical cheque. But with PPS, your pre-shared details act as a second layer of verification. How to use PPS Internet banking Mobile apps Email or SMS (in some cases) Visiting the branch Key details to submit: Cheque number Cheque date Payee name Amount Account number Always confirm with your bank's official communication or customer service for the exact process. Consequences of skipping PPS If PPS is mandatory for your cheque amount and you skip it: Cheque will not be cleared It will be returned unpaid You may face delays, bounced cheque charges, and inconvenience to the recipient

Peaceful protest ‘should not be criminalised', says O'Toole
Peaceful protest ‘should not be criminalised', says O'Toole

Glasgow Times

time4 days ago

  • Politics
  • Glasgow Times

Peaceful protest ‘should not be criminalised', says O'Toole

Stormont Opposition Leader Matthew O'Toole was speaking following the arrest of two protesters in Belfast on Saturday. Sue Pentel, a high-profile campaigner against Israel's military offensive in the Gaza Strip, was one of two women detained by officers on suspicion of criminal damage. Videos circulated online of the arrest of the 72-year-old indicate the alleged offence related to the placing of stickers on a bank's ATM machine. Ms Pentel and the other woman who was arrested, who is in her 50s, were released later on Saturday pending a report to Northern Ireland's Public Prosecution Service (PPS). Stormont Opposition leader Matthew O'Toole said peaceful protest is a 'profound right' in a democracy (Liam McBurney/PA) Mr O'Toole mentioned the arrests during Members' Statements in the Assembly on Tuesday morning. However Stormont Speaker Edwin Poots warned MLAs against 'second-guessing' police. Mr O'Toole told MLAs: 'It's important to say there is no more profound right in a democracy than peaceful protest. 'Over the weekend we saw dozens more innocent people lose their lives in Gaza as a result of the bombardment by the Netanyahu regime. We are witnessing an ongoing genocide in Gaza. 'People from all over this region, from all backgrounds, all ages, all perspectives are completely, frankly, in disbelief at what they see on their screens. They want some form of registering protest, dissent and challenging what is happening in the Middle East. 'One means is through peaceful protest. 'One of the people who was arrested is a woman named Sue Pentel, who is in her 70s. She also just happens to be Jewish. She will be known to people here because she is often here, peacefully and respectfully engaging with MLAs on her views in relation to the Middle East.' He went on: 'I understand that the PSNI has a difficult job to do. 'I don't trivialise the fact that in fast-moving situations sometimes there are judgments that have to be made by police officers, but I don't think anybody, certainly not the dozens and dozens of my constituents who are, frankly, appalled by what's happening in Gaza, who have emailed me in the last few days to say 'What the hell is going on in our society whenever a peaceful protest is met with arrests of pensioners?' 'Peaceful protest in Belfast city centre, even if it is a minor convenience, is not something which should be criminalised. 'That is legitimate peaceful protest and, yes, I respect that police officers have a job to do in all these circumstances, but let's please be proportionate and respect the rights of ordinary people to register dissent and protest.' Stormont Assembly Speaker Edwin Poots warned MLAs against 'second-guessing' police (Liam McBurney/PA) Mr Poots urged caution on comments around live investigations: 'I just want to make it very clear that the police have a role to do, and it's not our place to be second-guessing that role. 'There are a number of matters of the day and urgent questions that were put in that related to different events that have taken place, questioning police, and I think that we need to be very, very careful whenever there is a live investigation. 'This hasn't got to the stage of there being charges, and may never get to that stage, but there is a live investigation and it's not our role in this House to influence police decisions on investigations. 'They have to go through their course, it goes to the PPS, there is a due process to happen there, and it's not for us to seek to influence that. 'I just caution Members on that issue.'

Peaceful protest ‘should not be criminalised', says O'Toole
Peaceful protest ‘should not be criminalised', says O'Toole

Western Telegraph

time4 days ago

  • Politics
  • Western Telegraph

Peaceful protest ‘should not be criminalised', says O'Toole

Stormont Opposition Leader Matthew O'Toole was speaking following the arrest of two protesters in Belfast on Saturday. Sue Pentel, a high-profile campaigner against Israel's military offensive in the Gaza Strip, was one of two women detained by officers on suspicion of criminal damage. Videos circulated online of the arrest of the 72-year-old indicate the alleged offence related to the placing of stickers on a bank's ATM machine. Ms Pentel and the other woman who was arrested, who is in her 50s, were released later on Saturday pending a report to Northern Ireland's Public Prosecution Service (PPS). Stormont Opposition leader Matthew O'Toole said peaceful protest is a 'profound right' in a democracy (Liam McBurney/PA) Mr O'Toole mentioned the arrests during Members' Statements in the Assembly on Tuesday morning. However Stormont Speaker Edwin Poots warned MLAs against 'second-guessing' police. Mr O'Toole told MLAs: 'It's important to say there is no more profound right in a democracy than peaceful protest. 'Over the weekend we saw dozens more innocent people lose their lives in Gaza as a result of the bombardment by the Netanyahu regime. We are witnessing an ongoing genocide in Gaza. 'People from all over this region, from all backgrounds, all ages, all perspectives are completely, frankly, in disbelief at what they see on their screens. They want some form of registering protest, dissent and challenging what is happening in the Middle East. 'One means is through peaceful protest. 'One of the people who was arrested is a woman named Sue Pentel, who is in her 70s. She also just happens to be Jewish. She will be known to people here because she is often here, peacefully and respectfully engaging with MLAs on her views in relation to the Middle East.' He went on: 'I understand that the PSNI has a difficult job to do. 'I don't trivialise the fact that in fast-moving situations sometimes there are judgments that have to be made by police officers, but I don't think anybody, certainly not the dozens and dozens of my constituents who are, frankly, appalled by what's happening in Gaza, who have emailed me in the last few days to say 'What the hell is going on in our society whenever a peaceful protest is met with arrests of pensioners?' 'Peaceful protest in Belfast city centre, even if it is a minor convenience, is not something which should be criminalised. 'That is legitimate peaceful protest and, yes, I respect that police officers have a job to do in all these circumstances, but let's please be proportionate and respect the rights of ordinary people to register dissent and protest.' Stormont Assembly Speaker Edwin Poots warned MLAs against 'second-guessing' police (Liam McBurney/PA) Mr Poots urged caution on comments around live investigations: 'I just want to make it very clear that the police have a role to do, and it's not our place to be second-guessing that role. 'There are a number of matters of the day and urgent questions that were put in that related to different events that have taken place, questioning police, and I think that we need to be very, very careful whenever there is a live investigation. 'This hasn't got to the stage of there being charges, and may never get to that stage, but there is a live investigation and it's not our role in this House to influence police decisions on investigations. 'They have to go through their course, it goes to the PPS, there is a due process to happen there, and it's not for us to seek to influence that. 'I just caution Members on that issue.'

MLAs discuss arrest of Palestine activists for allegedly putting stickers on bank ATM
MLAs discuss arrest of Palestine activists for allegedly putting stickers on bank ATM

BreakingNews.ie

time4 days ago

  • General
  • BreakingNews.ie

MLAs discuss arrest of Palestine activists for allegedly putting stickers on bank ATM

Peaceful protest should not be 'criminalised', the Northern Assembly has heard. Stormont Opposition Leader Matthew O'Toole was speaking following the arrest of two protesters in Belfast on Saturday. Advertisement Sue Pentel, a high-profile campaigner against Israel's military offensive in the Gaza Strip, was one of two women detained by officers on suspicion of criminal damage. Videos circulated online of the arrest of the 72-year-old indicate the alleged offence related to the placing of stickers on a bank's ATM machine. Ms Pentel and the other woman who was arrested, who is in her 50s, were released later on Saturday pending a report to the North's Public Prosecution Service (PPS). Stormont Opposition leader Matthew O'Toole said peaceful protest is a 'profound right' in a democracy (Liam McBurney/PA) Mr O'Toole mentioned the arrests during Members' Statements in the Assembly on Tuesday morning. Advertisement However Stormont Speaker Edwin Poots warned MLAs against 'second-guessing' police. Mr O'Toole told MLAs: 'It's important to say there is no more profound right in a democracy than peaceful protest. 'Over the weekend we saw dozens more innocent people lose their lives in Gaza as a result of the bombardment by the Netanyahu regime. We are witnessing an ongoing genocide in Gaza. 'People from all over this region, from all backgrounds, all ages, all perspectives are completely, frankly, in disbelief at what they see on their screens. They want some form of registering protest, dissent and challenging what is happening in the Middle East. Advertisement 'One means is through peaceful protest. 'One of the people who was arrested is a woman named Sue Pentel, who is in her 70s. She also just happens to be Jewish. She will be known to people here because she is often here, peacefully and respectfully engaging with MLAs on her views in relation to the Middle East.' He went on: 'I understand that the PSNI has a difficult job to do. 'I don't trivialise the fact that in fast-moving situations sometimes there are judgments that have to be made by police officers, but I don't think anybody, certainly not the dozens and dozens of my constituents who are, frankly, appalled by what's happening in Gaza, who have emailed me in the last few days to say 'What the hell is going on in our society whenever a peaceful protest is met with arrests of pensioners?' Advertisement 'Peaceful protest in Belfast city centre, even if it is a minor convenience, is not something which should be criminalised. 'That is legitimate peaceful protest and, yes, I respect that police officers have a job to do in all these circumstances, but let's please be proportionate and respect the rights of ordinary people to register dissent and protest.' Stormont Assembly Speaker Edwin Poots warned MLAs against 'second-guessing' police (Liam McBurney/PA) Mr Poots urged caution on comments around live investigations: 'I just want to make it very clear that the police have a role to do, and it's not our place to be second-guessing that role. 'There are a number of matters of the day and urgent questions that were put in that related to different events that have taken place, questioning police, and I think that we need to be very, very careful whenever there is a live investigation. Advertisement Ireland Department of Foreign Affairs targeted with graffi... Read More 'This hasn't got to the stage of there being charges, and may never get to that stage, but there is a live investigation and it's not our role in this House to influence police decisions on investigations. 'They have to go through their course, it goes to the PPS, there is a due process to happen there, and it's not for us to seek to influence that. 'I just caution Members on that issue.'

Peaceful protest ‘should not be criminalised', says O'Toole
Peaceful protest ‘should not be criminalised', says O'Toole

Yahoo

time4 days ago

  • General
  • Yahoo

Peaceful protest ‘should not be criminalised', says O'Toole

Peaceful protest should not be 'criminalised', the Northern Ireland Assembly has heard. Stormont Opposition Leader Matthew O'Toole was speaking following the arrest of two protesters in Belfast on Saturday. Sue Pentel, a high-profile campaigner against Israel's military offensive in the Gaza Strip, was one of two women detained by officers on suspicion of criminal damage. Videos circulated online of the arrest of the 72-year-old indicate the alleged offence related to the placing of stickers on a bank's ATM machine. Ms Pentel and the other woman who was arrested, who is in her 50s, were released later on Saturday pending a report to Northern Ireland's Public Prosecution Service (PPS). Mr O'Toole mentioned the arrests during Members' Statements in the Assembly on Tuesday morning. However Stormont Speaker Edwin Poots warned MLAs against 'second-guessing' police. Mr O'Toole told MLAs: 'It's important to say there is no more profound right in a democracy than peaceful protest. 'Over the weekend we saw dozens more innocent people lose their lives in Gaza as a result of the bombardment by the Netanyahu regime. We are witnessing an ongoing genocide in Gaza. 'People from all over this region, from all backgrounds, all ages, all perspectives are completely, frankly, in disbelief at what they see on their screens. They want some form of registering protest, dissent and challenging what is happening in the Middle East. 'One means is through peaceful protest. 'One of the people who was arrested is a woman named Sue Pentel, who is in her 70s. She also just happens to be Jewish. She will be known to people here because she is often here, peacefully and respectfully engaging with MLAs on her views in relation to the Middle East.' He went on: 'I understand that the PSNI has a difficult job to do. 'I don't trivialise the fact that in fast-moving situations sometimes there are judgments that have to be made by police officers, but I don't think anybody, certainly not the dozens and dozens of my constituents who are, frankly, appalled by what's happening in Gaza, who have emailed me in the last few days to say 'What the hell is going on in our society whenever a peaceful protest is met with arrests of pensioners?' 'Peaceful protest in Belfast city centre, even if it is a minor convenience, is not something which should be criminalised. 'That is legitimate peaceful protest and, yes, I respect that police officers have a job to do in all these circumstances, but let's please be proportionate and respect the rights of ordinary people to register dissent and protest.' Mr Poots urged caution on comments around live investigations: 'I just want to make it very clear that the police have a role to do, and it's not our place to be second-guessing that role. 'There are a number of matters of the day and urgent questions that were put in that related to different events that have taken place, questioning police, and I think that we need to be very, very careful whenever there is a live investigation. 'This hasn't got to the stage of there being charges, and may never get to that stage, but there is a live investigation and it's not our role in this House to influence police decisions on investigations. 'They have to go through their course, it goes to the PPS, there is a due process to happen there, and it's not for us to seek to influence that. 'I just caution Members on that issue.'

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