Banking and insuranceEconomical
The Mahachak system became operational in the Workers’ Welfare Bank
In order to implement the duties of the law amending the law on issuing checks:
According to the monetary and financial news, quoting the public relations of the Workers ‘Welfare Bank, this system has been implemented in the Workers’ Welfare Bank since Saturday, June 28, in order to implement the duties of the law amending the law on issuing checks.
Pursuant to paragraph (b) of Article 5 of the Law on Issuance of Checks, if the amount of the check is not secured in the same bank, the accounts of the person issuing the check in other banks and credit institutions will be blocked to the extent of the check deficit through the system.
