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 ...
Clydesdale and Yorkshire Banks currently processing a quarter of all industry’s image clearing traff
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The Cheque and Credit Clearing Company revolutionised the centuries old ...
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Bank Cheque Clearance Rules Updated: Faster Processing to Save Customers’ Time from Today
Starting today, banks across India have implemented a new system for cheque clearance, promising faster processing and quicker availability of funds. The change is expected to benefit millions of ...
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Your Cheques To Be Cleared By Banks Within Hours From 4 October 2025: Check RBI Latest Rules
New Delhi: The Reserve Bank Of India (RBI) has issued notification on Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System, thus allowing for your cheques to ...
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