Deutsche Bank is creating a platform to automate cheque processing to eliminate a largely paper-based process, which requires human intervention. The bank is creating the platform alongside Indian IT ...

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

In a welcome step, the Reserve Bank of India (RBI) has made a major change in the process of clearing checks. From October 4, 2025, checks will now be paid in a few hours, whereas it used to take a ...

RBI's new rule to expedite cheque clearing in banks. (Image: PTI) The Reserve Bank of India (RBI) has decided to put in place a new system to clear cheques, reducing the clearing time from 2-3 days to ...

In a bid to speed up the cheque processing time from the current T+1 settlement period, RBI has announced that starting October 1, 2025, cheque handling will move away from the existing batch clearing ...

The Reserve Bank of India (RBI) will implement a new mechanism for cheque clearance starting October 4, 2025, allowing cheques to be cleared within hours of being presented, instead of the current ...

MUMBAI: The new cheque clearing system of the RBI with nationwide uniformity and much shorter time lag allowing credit/debit into/from an account within a few hours, is kicking in from today, October ...