RBI’s new 3-hour cheque clearing system, launched in two phases, aims to credit funds within hours, boosting customer convenience and bringing cheque transactions closer to real-time.

The Positive Pay System is a game-changer in cheque transaction security. By actively sharing cheque details with your bank, ...

Its legacy, however, endures. The cheque taught generations of bankers and customers alike the value of written trust and ...

In a major reform to the cheque clearing system, the Reserve Bank of India (RBI) will introduce real-time settlement from October 4, 2025, enabling funds to be credited within hours instead of the ...

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 ...

Businessmen and individual customers of banks continue to face delays in cheque-clearance even 10 days after the introduction of the same-day cheque clearance facility introduced by the Reserve Bank ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. MAS had previously announced that corporate cheques would be ...