RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm ...
The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...
During 2024-25, the RBI had added 54.13 metric tonnes of gold. The Reserve Bank of India has introduced real-time clearing of cheques. However, technology integration glitches, inadequate training of ...
With rising cheque fraud cases, banks are stepping up security. The Positive Pay System (PPS), introduced by the Reserve Bank of India in 2021, offers a robust mechanism to safeguard high-value ...
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RBI Hikes ATM Transaction Charges, Special Arrangements For Government Cheque Clearing On March 31
Mumbai: The Reserve Bank of India (RBI) has announced a significant change for ATM users, effective from May 1, 2025. Under the new guidelines, customers will be charged Rs 23 per transaction, up from ...
Pune: Account holders and merchants continue to face delays in cheque processing under the newly implemented single presentation cheque clearance system, despite the National Payments Corporation of ...
Reserve Bank of India postpones Phase 2 of faster cheque clearance under CCS, revises cheque processing hours. Phase 1 ...
Proposals to impose maximum limits on the transaction value and over-the-counter cashing of cheques, which would take effect by year-end 2026 at latest, were yesterday described as part of a “happy ...
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