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 of India introduced ...
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Banks to process cheque clearances within hours from THIS date – Here’s what RBI’s new mechanism means for you
The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, PTI reported. This will reduce the current time period of up to two working ...
Industry-wide moves to “put cheques firmly in the 21st century” – with new technology enabling them to clear by the next day – will start in October. A new system will enable images of cheques to be ...
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 ...
Commercial banks are set to migrate to a single day cheque clearing cycle, starting from Monday (August 19th), marking a landmark achievement in the history of banking in the country.
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