Bank cheque payments recover from Covid shocks

cheque

Bank payments made through cheques for the first half of the year rose 8.29 percent, rebounding from a Covid-induced double-digit drop in a similar period last year, which saw traders and households cut visits to banking halls.

The latest Central Bank of Kenya (CBK) data show deals amounting to Sh1.23 trillion were settled via cheques between January-June 2021 compared with nearly Sh1.40 trillion a year earlier, signalling improved circulation of cash in the economy.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.