Cheque Deposited? Faster 3-Hour Clearance Still Missing, RBI Decision May Delay Fund Access; Here’s Why

The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...
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Banks to process cheque clearances within hours from THIS date – Here’s what RBI’s new mechanism means for you

The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, PTI reported. This will reduce the current time period of up to two working ...
The Financial Express

Explainer: Why cheque clearing has run into problems

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 ...
Indiatimes

Cheque processing delays mar new clearance system rollout; NPCI says system stabile

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 ...
The Financial Express

Human error mars pilot for same-day cheque clearing

These mechanisms would help regulators and institutions align to supervise AI outcomes, detect weaknesses before they escalate, and ensure that AI-driven decision-making can be understood and, if ...

RBI postpones phase 2 cheque clearing, modifies presentation and confirmation hours

RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...
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NPCI flags initial hiccups in continuous cheque clearing rollout

National Payments Corporation of India (NPCI) has said that cheque clearing under the continuous clearing system is largely stable, though minor delays and teething issues still persist in the central ...