The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques will be ...
Dubai: UAE-based Indian expats depositing cheques into their Indian bank accounts will soon see a major improvement in how quickly their money becomes available. Starting October 4, 2025, the Reserve ...
In Phase 1, starting from October 4, there will be a single cheque presentation session between 10 am to 4 pm during which banks will scan and send cheques to the clearing house continuously. The ...
Indian customers using cheques that are not compliant with Cheque Truncation System (CTS), an online image-based cheque clearing facility, will face delay in clearance from now on, an industry source ...
ICICI Bank has announced a big change in its cheque processing to make banking faster and easier for customers. Starting October 4, cheques submitted at any branch will be cleared and credited to ...
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 ...
The RBI announced on Wednesday the introduction of continuous clearing and settlement of cheques, dropping the current approach of batch processing. Under the new system, the clearing cycle will be ...
To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer experience, the RBI has decided to transition CTS from the current approach of batch ...
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