RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...

With market research confirming that consumer understanding of the cheque clearing process is still very low, the Cheque and Credit Clearing Company (C&CCC), has today (27 November 2009) launched an ...

The Reserve Bank of India (RBI) has announced that bank cheques must be cleared within a few hours from October 4 -- down from the current clearance time of up to two working days. Under the new ...

RBI postpones cheque clearance rule: The Reserve Bank of India (RBI) has postponed Phase 2 of its check clearance expediting scheme. The scheme was scheduled to begin on January 3, 2026. Under this ...

RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm and confirmation hours to 9 am-7 pm ...

The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...

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 ...

The Reserve Bank of India has postponed the second phase of the faster cheque clearing mechanism to allow banks more time to ...

Mumbai: In a landmark move, from Saturday, India’s cheque clearing system will become much faster, moving from a batch-based process to continuous clearing and settlement on realisation. This change ...

Cheque volumes in the UK may have dropped from four billion in 1990 to 644 million in 2014, however the introduction of the Future Clearing Model will modernise the payment method, with banks using ...

An image-based cheque-clearing system will be introduced later this year that will cut the time it takes for money to reach your account from up to six working days to the next weekday. The new system ...