India's cheque clearing system is set for a major overhaul from October 4, transitioning to a continuous, near real-time process. This significant change will drastically reduce fund transfer times ...

Indian customers using cheques that are not compliant with Cheque Truncation System (CTS), an online image-based cheque clearing facility, will face delay in clearance from now on, an industry source ...

Dubai: UAE-based Indian expats depositing cheques into their Indian bank accounts will soon see a major improvement in how quickly their money becomes available. Starting October 4, 2025, the Reserve ...

RBI to speed up cheque processing to near real-time for Indian bank customers from October Dubai: Indian expats in the UAE who still use cheques for transactions back home will soon see money move ...

To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer experience, the RBI has decided to transition CTS from the current approach of batch ...

Bank Cheque Tips: Cheques are still an important part of the banking system. Be it a business transaction or personal payment, people still rely on cheques for big transactions. But cheques are a very ...

National Payments Corporation of India (NPCI) has said that cheque clearing under the continuous clearing system is largely stable, though minor delays and teething issues still persist in the central ...

As is widely known, there was a severe cash crunch in India on the back of the demonetization of high value currency notes a year ago. To ease the pain, the government of India made a big push to ...

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 ...