The Reserve Bank of India (RBI) announced plans to cut bank cheque clearing times to just a few hours. RBI Governor Shaktikanta Das revealed the neew continuous 'on-realisation-settlement' mechanism ...

Cheque volumes in the UK may have dropped from four billion in 1990 to 644 million in 2014, however the introduction of the Future Clearing Model will modernise the payment method, with banks using ...

RBI clarified how cheque truncation and continuous clearing speed up settlements by using electronic images instead of physical cheques. The FAQs outline timelines, safeguards, and customer ...

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 ...

This is a significant improvement over the previous system where there was a delay of one or two working days for the funds to be transferred Going ahead, cheques will be cleared, sooner, in a matter ...

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 ...

In fact, the Reserve Bank is implementing cheque clearance in two phases. The first phase, which began on October 4th, will allow cheques deposited in the morning to be cleared within a single day.

Joint operation with Barclays, HSBC and Lloyds TSB is hitting margins... The long-term future of the UK banking industry's biggest cheque-clearing organisation has been thrown into doubt after ...

New guidelines are introduced for online reservation of general tickets through the website and mobile app of Indian Railway Catering and Tourism Corporation (IRCTC). The reforms aim to enhance the ...