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 ...

In a circular issued on December 24, the RBI said the second phase of the Continuous Clearing and Settlement (CCS) framework ...

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 ...

During 2024-25, the RBI had added 54.13 metric tonnes of gold. The Reserve Bank of India has introduced real-time clearing of cheques. However, technology integration glitches, inadequate training of ...

https://www.thehindubusinessline.com/data-stories/data-focus/why-continuous-clearing-is-unlikely-to-boost-cheque-usage/article70131732.ece Copy RBI’s new continuous ...

https://www.thehindubusinessline.com/money-and-banking/npci-reports-progress-in-continuous-cheque-clearing-minor-delays-persist/article70195303.ece Copy The National ...

“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 ...