The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...
RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...
RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm ...
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 ...
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 ...
The Reserve Bank has postponed the second phase of the faster cheque clearance mechanism to allow banks more time to streamline operations. Originally set for implementation on January 3, banks are ...
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 ...
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 ...
RBI delays the second phase of the faster cheque clearance mechanism (CTS) to give banks more time to streamline operations.
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