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RBI CHEQUE CLEARING
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 MPC proposes steps to speed up clearance of cheques to a few hoursThe Reserve Bank of India (RBI)-led Monetary Policy Committee (MPC) proposed several measures to speed up clearance of cheques to a few hou...08 Aug, 2024, 11.39 AM IST
- Retail cheque payments down to a trickle in FY20 to 2.96%: RBI dataIn FY2020, the share of paper clearing in total retail payments plunged to just 2.96 per cent in terms of volume and to 20.08 per cent in t...18 Oct, 2020, 03.12 PM IST
- RBI to introduce more security features for cheques via Positive Pay mechanism: Here's how it will workUnder Positive Pay mechanism, cheques will be processed for payment by the drawee bank based on information passed on by its customer at th...06 Aug, 2020, 05.02 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
- Money markets to remain open on all Saturdays: RBIWith government declaring the second and fourth Saturdays as public holiday for banks from September 1, RBI said that all money market segm...28 Aug, 2015, 08.05 PM IST
- Reserve Bank of India to do away with need to return paid government cheques to deptsHowever, with regard to government cheques, they need to be sent back in physical form after the payment has been made to the government de...18 Sep, 2014, 09.34 PM IST
- Follow uniform holiday calender for CTS cheque clearing: RBI"The CTS centres in New Delhi, Chennai and Mumbai will adopt RTGS holidays as uniform holidays for the respective grid," RBI said.23 Aug, 2013, 10.47 PM IST
- NBFCs allowed to migrate to new standard cheques till March 2013Borrowers from NBFCs have now time till March 31 to replace their old system bank cheques with new ones with added security features for th...23 Dec, 2012, 01.02 PM IST
- Cheque payments to get costlier from tomorrowMaking payments through cheques may become a costlier affair from tomorrow, as RBI has allowed banks to levy higher service charges for the...31 Mar, 2011, 09.06 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
- Alert: RBI clarifies on honouring of cheques with alterationsRBI has clarified that its directive to banks, asking them not to honour cheques with alterations, will be applicable only for cheques clea...24 Jun, 2010, 12.16 AM IST
- RBI makes alternative arrangements for clearing chequesReserve Bank of India (RBI)office has made alternative arrangements for clearing cheques in few cities.24 Sep, 2008, 09.46 PM IST
- RBI asked to clarify stand on delay in clearing chequesThe National Consumer Commission has asked the Reserve Bank of India to clarify its stand regarding the time taken by banks to clear outsta...21 Oct, 2007, 02.30 PM IST
- Cheques to be cleared in 24 hrs: RBIThe Reserve Bank of India on Wednesday informed the Consumer Commission steps would be taken to ensure that cheques get cleared within 24 h...07 Dec, 2006, 01.03 AM IST
- No outsourcing of cheque clearing system of RBIThe Government on Friday allayed the apprehensions of RBI employees over outsourcing of cheque clearing work, saying there is no such propo...11 Aug, 2006, 05.20 PM IST
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