RBI postpones cheque clearance rule: The Reserve Bank of India (RBI) has postponed Phase 2 of its check clearance expediting scheme. The scheme was scheduled to begin on January 3, 2026. Under this ...
RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm ...
RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...
The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...
Press Trust of India on MSN
RBI postpones 2nd phase of quicker cheque clearing mechanism
The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to ...
The Reserve Bank of India has postponed the second phase of the faster cheque clearing mechanism to allow banks more time to ...
A delegation from the Maharashtra Chamber of Commerce, Industry and Agriculture, led by Branch Chairperson Anju Singhal and Co-Chairperson Bhavesh Manek, met Rajesh Deshmukh, Deputy General Manager of ...
Cheque volumes in the UK may have dropped from four billion in 1990 to 644 million in 2014, however the introduction of the Future Clearing Model will modernise the payment method, with banks using ...
Tomorrow marks the dawn of a new era as the banking industry changes how cheques are processed and cleared. From Wednesday, Kenyan banks will electronically process and clear cheques, removing the ...
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