Questions are emerging over the efficiency of the much touted cheque truncation system. It had been expected that with the new system in place, bank customers countywide would enjoy shorter cheque ...
From October 4, 2025, India’s cheque clearing system will become much faster, moving from a batch-based process to continuous clearing and settlement on realisation. This change means that funds from ...
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 ...
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