Many Kenyan businesses rely on cheques for contract enforcement, auditing, and reconciliation. Cheques provide a physical ...

MUMBAI: The new cheque clearing system of the RBI with nationwide uniformity and much shorter time lag allowing credit/debit into/from an account within a few hours, is kicking in from today, October ...

The RBI announced on Wednesday the introduction of continuous clearing and settlement of cheques, dropping the current approach of batch processing. Under the new system, the clearing cycle will be ...

RBI clarified how cheque truncation and continuous clearing speed up settlements by using electronic images instead of physical cheques. The FAQs outline timelines, safeguards, and customer ...

The Reserve Bank of India (RBI) on Wednesday said it has postponed the rollout of Phase 2 of the cheque clearing system until further notice, giving banks additional time to streamline their ...

Mumbai | The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques ...

NEW DELHI: (Oct 23) The National Payments Corporation of India (NPCI) on Thursday said that some teething issues persist in the continuous cheque clearing system. On October 4, 2025, the Reserve Bank ...

Mumbai: The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques ...

Announcing the monetary policy statement on Thursday, Reserve Bank of India governor Shaktikanta Das said that the cheque-clearing cycle will be reduced from the current two business days to a few ...

With the cessation of cheque being reviewed after numerous petitions, it seems there might be a stalemate between the group who believe in the ongoing modernising of payment collection processes and ...