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CLEARANCE OF CHEQUES
Bank holiday today on Good Friday: Are banks open or closed today on April 3, 2026? Check RBI state-wise holiday listBank holiday today : Good Friday, April 3, 2026, sees many banks closed across India. However, banking operations continue as usual in stat...03 Apr, 2026, 09.45 AM IST- RBI postpones 2nd phase of quicker cheque clearing mechanismThe Reserve Bank has postponed the second phase of its faster cheque clearance system. This move provides banks more time to adjust their o...24 Dec, 2025, 08.48 PM IST
- In Graphics: Post-dated clearing of cheques is historyUsage of cheques has plunged since the Covid pandemic. The growth in the value of cheques processed by banks fell 10% between 2019 and 2024...11 Oct, 2025, 12.48 AM IST
- RBI’S real-time move: Glitches mar new cheque clearance systemThe Reserve Bank of India's new real-time cheque clearance system is experiencing glitches, with customers reporting delays due to inadequa...10 Oct, 2025, 05.30 AM IST
- From same day credit to credit within hours, how RBI is revolutionising cheque clearance processThe Reserve Bank of India (RBI) is set to revolutionize cheque clearing, aiming for same-day credit through continuous clearing and settlem...14 Aug, 2025, 02.49 PM IST
- Banks to clear cheques within few hours from Oct 4: RBIReserve Bank of India will launch a faster cheque clearing system. This new system aims to clear cheques within hours. The current process ...13 Aug, 2025, 08.57 PM IST
- RBI action: Cheques to be cleared within few hours now, closing in on NEFT, RTGS speed of transferThe Reserve Bank of India has stated that the clearance of cheques will be expedited to within a few hours. This announcement was made by t...08 Aug, 2024, 05.54 PM IST
- Your high value cheque may be rejected sans net, mobile banking or branch visitUnder the positive pay mechanism, the cheque issuer, i.e., you, will be required to verify certain details of the cheque issued by you to e...26 Aug, 2021, 04.03 PM IST
- Issuer will be able to send cheque’s picAccount-holders will soon be able to send to their bank the details of a high-value cheque they issue to third parties, which will enable s...07 Aug, 2020, 08.58 AM IST
- No clearance of non-CTS compliant cheques from January: Punjab National BankThis eliminates the cost of movement of physical cheques and reduces the time for clearance for better delivery of services to customers.06 Sep, 2018, 09.03 PM IST
- RBI to move to CTS for clearing govt's chequesRBI today said it has decided to dispense with the requirement of physically forwarding paid central government cheques to the departments ...31 Dec, 2015, 09.47 PM IST
- SBI to issue receipts for payments of PF dues: EPFOEPFO has said the bank will now issue receipts for cheques or drafts deposited by them, avoiding uncalled for penalties for late clearances.31 Dec, 2013, 07.18 PM IST
- Banks should compensate customers for local cheque clearance delay: RBIThis would mean that banks will have to compensate customers monetarily if a cheque to be credited in an account on Monday, for instance, g...14 Aug, 2012, 06.32 AM IST
- RBI to banks: Compensate customers for cheque clearance delayIn a big relief to the bank customers, the Reserve Bank today asked the banks to compensate them for delay in clearance of local cheques.13 Aug, 2012, 08.40 PM IST
- Banks told to issue multi-city cheques, not to levy clearance chargesThe RBI notification has also directed the banks not to levy any charge for clearance of such multi-city cheques.10 Aug, 2012, 10.23 PM IST
- Delhi Banks won't accept cheques with overwriting from todayCheques with overwriting or cutting will not be honoured by the banks in the capital from today, a move intended to prevent fraudulent with...01 Dec, 2010, 04.27 PM IST
- Mumbai tops fall in cheque clearancesWhile Rs 7,10,561 lakh crore worth of cheques were cleared in September 2008, this figure dropped to Rs 5,87,151 lakh crore in November of ...10 Feb, 2009, 08.35 AM IST
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