In a welcome step, the Reserve Bank of India (RBI) has made a major change in the process of clearing checks. From October 4, 2025, checks will now be paid in a few hours, whereas it used to take a ...
RBI to roll out new system that reduces cheque clearance times from days to just few hours Dubai: UAE-based Indian expats depositing cheques into their Indian bank accounts will soon see a major ...
“To facilitate transition to continuous clearing, it has been decided to modify session timings and conduct special clearing in the cheque truncation system (CTS) on October 3,” RBI said. MUMBAI: The ...