Cheque/draft payment prohibited for dividends/interest

[neku]

According to a new rule , the regulatory authority has prohibited cheque/draft payment of dividends, interest warrants for stocks and debentures. Do other countries also have similar rules to block cheque/draft payment?

 

[Fire&Rain]

It’s common for regulators globally to phase out cheque or draft payments for dividends and interest. Electronic transfers offer better security, speed, and traceability. Countries including the US, UK, and India have policies promoting direct credit to bank accounts for stocks and debentures. While the exact implementation differs, the trend is toward digital payments rather than physical cheques.

 

[neku]

Hackers are deleting the IFSC code in bank details for the demat account, due to which some citizens are not receiving the dividends which are due to them.