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CHEQUE CLEARANCE SYSTEM
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...
- Some teething issues persist in new cheque clearing system: NPCIThe National Payments Corporation of India has acknowledged certain hurdles with the recently implemented continuous cheque clearing system...
- Continuous cheque clearing hits roadblocks, customers face long waitsA new cheque clearing system, intended for same-day clearance, is facing significant delays and rejections due to initial technical glitche...
- Banks facing teething problems with faster cheque clearance system, say unionA bank employees' union has raised concerns about the new same-day cheque clearing system, citing software glitches and inadequate staff tr...
- 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...
- 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 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...
- PNB customers must give details of high-value cheques before clearancePNB said it has made the PPS facility live through all branches, internet banking services retail and corporate PNB ONE as well as SMS bank...
- 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...
- 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.
- 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 ...
- RBI extends deadline for issuance of new format chequesThe RBI asks banks to issue new cheque books only under the new format and gave them time till July-end to withdraw the old format cheques.
- ET in the Classroom: Why you need CTS cheques?rom April 1, your cheque book will become invalid if it is not CTS 2010-enabled. Here's why.
- RBI union leaders call nationwide strike to oppose inflation successfulThe cheque clearance system of the RBI was severely hit but customers could transfer money electronically and operate ATMs in most cities.
- 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...
- Payout cheques deluge strains clearance systemThe rush for depositing dividend cheques by investors has led to a staggering of clearing operations of the Reserve Bank of India.
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