RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...
RBI clarified how cheque truncation and continuous clearing speed up settlements by using electronic images instead of physical cheques. The FAQs outline timelines, safeguards, and customer ...
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 ...
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 ...
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 ...
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 ...
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 ...
The roll-out of a cheque imaging system in the UK is reducing cheque clearing times from six working days to just one. Not-for-profit industry membership body the Cheque and Credit Clearing Company (C ...
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 ...
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