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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 National Payments Corporation of India (NPCI) on Thursday said that some teething issues persist in the continuous cheque clearing system. On October 4, 2025, the Reserve Bank of India introduced ...
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 ...
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