RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm ...

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 ...

The Positive Pay System is a game-changer in cheque transaction security. By actively sharing cheque details with your bank, you can safeguard your funds and enjoy hassle-free, secure transactions.

The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for customers. Once fully implemented, it was expected to allow cheques to be ...

Pune: Account holders and merchants continue to face delays in cheque processing under the newly implemented single presentation cheque clearance system, despite the National Payments Corporation of ...