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India’s cheque volumes declined by 10.8% between 2012 and 2017, according to RBI.(iStock)

Three things to know if you still use cheques

livemint | By Bindisha Sarang
UPDATED ON AUG 25, 2019 05:26 PM IST
Ensure you use a CTS 2010-compliant cheque, and know the types of cheques for different purposes and the consequences of bounced cheques. A bounced cheque can hit your credit score and the issuer as well as the receiver need to pay a fine.
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