At present, cheque clearance through Cheque Truncation System (CTS) works in a batch-processing mode. Banks have announced that cheques deposited from October 4 will be cleared wi ...
Under the RBI's new rule, the transition will happen in two phases. While the first phase started from October 4, the second ...
Banks move to continuous cheque clearing from October 4, enabling near real-time settlements and quicker fund access, replacing the T+1-day clearing cycle ...
RBI’s new rules mean that the cheques will be cleared on the same day and funds will be in your account within 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 ...
Pune: Account holders and merchants continue to face delays in cheque processing under the newly implemented single presentation cheque clearance syst.
The shift from physical cheque transfers to digital uploads represents a trade-off: faster processing for stricter quality control. Under the old system, cheques were manually verified and cleared the ...
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