During 2024-25, the RBI had added 54.13 metric tonnes of gold. The Reserve Bank of India has introduced real-time clearing of cheques. However, technology integration glitches, inadequate training of ...

Lien marking reduces usable balance despite healthy account totalsECS debits and cut-off timings often trigger unexpected ...

The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...

In new law, punishment no longer part of Penal Code, moved to Commercial Transaction Law Under new law, punishment for a bounced cheque is no longer included in the Penal Code, being moved to ...

The use of cheques in the city could end as the Hong Kong Association of Banks (HKAB) works out a road map this year to phase it out amid an irreversible shift to electronic payments. Electronic ...

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MUMBAI: The new cheque clearing system of the RBI with nationwide uniformity and much shorter time lag allowing credit/debit into/from an account within a few hours, is kicking in from today, October ...

The RBI has extended the deadline to implement the second phase of faster clearance of cheques. Hence, customers can continue ...

The Reserve Bank of India (RBI) has postponed the January 3, 2026 deadline for implementing faster cheque clearance under its ...

RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...