RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...

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 ...

The Reserve Bank of India (RBI) has taken an important decision regarding people who make payments by check. The RBI has ...

Reserve Bank of India postpones Phase 2 of faster cheque clearance under CCS, revises cheque processing hours. Phase 1 ...

The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...

Phase 2, which was planned to start from January 3, 2026, was meant to make cheque clearance even faster. Banks would have ...

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 ...