RBI has directed banks to make customers aware of these changes so that everyone can avail the benefit of faster cheque ...

RBI has made Positive Pay mandatory for cheques above Rs 5 lakh, while it is strongly recommended for those above Rs 50,000.

ICICI Bank said that its latest move will ensure quicker fund availability, greater convenience, and reduced delays. ICICI ...

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India is transitioning to a near real-time cheque clearing system from October 4, drastically reducing fund transfer times to ...

ICICI Bank Update: ICICI Bank has announced a major change for its customers to ease the hassle related to cheque clearing ...

India's cheque clearing system is set for a major overhaul from October 4, transitioning to a continuous, near real-time ...

ICICI Bank announces same-day cheque clearing starting October 4, 2025, enhancing convenience and security in line with RBI ...

RBI's new rule to expedite cheque clearing in banks. (Image: PTI) The Reserve Bank of India (RBI) has decided to put in place a new system to clear cheques, reducing the clearing time from 2-3 days to ...

ST. LOUIS--(BUSINESS WIRE)--Once again, the Aperta Automated Clearinghouse (ACH) solutions have provided the mechanism for a country to leapfrog technology from manual cheque clearing and settlement ...

Questions are emerging over the efficiency of the much touted cheque truncation system. It had been expected that with the new system in place, bank customers countywide would enjoy shorter cheque ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. PACS is a comprehensive payment solution that incorporates the clearing ...