In CTS, banks use scanned copies of cheques for settlement instead of the physical copy making the clearing process partially electronic Clearing of bank cheques is set to become faster. In its sixth ...

The Reserve Bank of India (RBI) on Wednesday said it has postponed the rollout of Phase 2 of the cheque clearing system until further notice, giving banks additional time to streamline their ...

https://www.thehindubusinessline.com/data-stories/data-focus/why-continuous-clearing-is-unlikely-to-boost-cheque-usage/article70131732.ece Copy RBI’s new continuous ...

Here comes a piece of good news for bank customers. The RBI says banks will clear cheques within few hours from October 4. The central bank said it will introduce a new mechanism from October 4 for ...