MUMBAI: The new cheque clearing system of the RBI with nationwide uniformity and much shorter time lag allowing credit/debit into/from an account within a few hours, is kicking in from today, October ...
Industry-wide moves to “put cheques firmly in the 21st century” – with new technology enabling them to clear by the next day – will start in October. A new system will enable images of cheques to be ...
RBI Rules: The Reserve Bank of India has made the process of clearing checks at banks much easier than before. Customers will no longer need to wait in long queues. In how many days does a cheque get ...