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RBI CHEQUE CLEARANCE
Saturday bank holiday: Are banks open or closed today on June 6, 2026?Banks will be open today, June 6, 2026. This is the first Saturday of the month, a regular working day. Bank holidays vary by state, with t...
Bank holiday for Bakri ID (Id-Uz-Zuha): Are banks open or closed today in your state on May 28, 2026?Bank holiday today: Banks in several Indian states are closed today, May 28, 2026, in observance of Bakri ID (Id-Uz-Zuha). While branch ser...
Saturday bank holiday: Are banks open or closed today on May 23, 2026?Bank holiday today: Planning a bank visit today, May 23, 2026? First check whether banks are open in their city, as closures may vary depen...
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...
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...
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...
ICICI Bank to clear cheques same day from October 4, 2025: What customers must knowCheque clearance: ICICI Bank said that its latest move will ensure quicker fund availability, greater convenience, and reduced delays. ICIC...
- How much time does it take to clear a cheque?
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...
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 ...
RBI to clear your cheques in hours, not days
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...
RBI to introduce pan-India CTS by Sept 2020 to make cheque clearing safer, fasterThe RBI is now planning to implement a pan-India Cheque Truncation System from September 2020.
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.
Vodafone asked to compensate for non-processing of chequeThane District Consumer Redressal Forum has asked the country's second largest telco Vodafone to compensate a customer for not processing h...
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 ...
- Banks should compensate customers for local cheque clearance delay: RBI
This would mean that banks will have to compensate customers monetarily if a cheque to be credited in an account on Monday, for instance, g...
- RBI to banks: Compensate customers for cheque clearance delay
In a big relief to the bank customers, the Reserve Bank today asked the banks to compensate them for delay in clearance of local cheques.
- Banks told to issue multi-city cheques, not to levy clearance charges
The RBI notification has also directed the banks not to levy any charge for clearance of such multi-city cheques.
- Delhi Banks won't accept cheques with overwriting from today
Cheques with overwriting or cutting will not be honoured by the banks in the capital from today, a move intended to prevent fraudulent with...