Under the RBI's new rule, the transition will happen in two phases. While the first phase started from October 4, the second ...
At present, cheque clearance through Cheque Truncation System (CTS) works in a batch-processing mode. Banks have announced ...
Banks move to continuous cheque clearing from October 4, enabling near real-time settlements and quicker fund access, ...
Pune: Account holders and merchants continue to face delays in cheque processing under the newly implemented single presentation cheque clearance syst.
A bank employees' union had stated that the new system was rolled out without adequate operational preparedness, leading to major challenges for staff.
India is transitioning to a near real-time cheque clearing system from October 4, drastically reducing fund transfer times to just a few hours.
RBI has made Positive Pay mandatory for cheques above Rs 5 lakh, while it is strongly recommended for those above Rs 50,000.
Private banks, including HDFC Bank and ICICI Bank, have informed that they will start same-day cheque clearance from October 4, following the Reserve Bank of India's (RBI) updated settlement framework ...
Nagpur: The glitches faced in the same-day clearing system for cheques introduced by the RBI recently have hampered the festive season trade, say busi.
The Bank of Ghana (BoG) has announced stricter sanctions against individuals and businesses that issue dud cheques in a bid ...
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