Understanding Cheque Truncation System in Banking
Understanding Cheque Truncation System in Banking
2 months ago
cgaa.org
RBI’s same-day cheque clearing system went live on October 4. What used to take one or two days now happens in a few hours. Earlier, cheques cleared in fixed sessions. Now banks process them all day, between 10 AM and 4 PM. Deposit in the morning, and your money could hit your account by evening. Banks now settle cheques every hour starting 11 AM. They have until 7 PM to confirm them. After that, it’s auto-approved. Right now, we’re in phase one, running till January 2. During this time, banks g
RBI’s same-day cheque clearing system went live on October 4. W…
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Banking update: Cheque clearing system will change from September 1
Banking update: Cheque clearing system will change from Septemb…
Aug 25, 2021
india.com
5.9K views · 28 reactions | ✅ You can order a cheque book, view cheque images and stop cheques through myAPS app.  More in the video, click here to learn more: apsbank.com.mt/everyday-banking-made-simple | APS Bank | Facebook
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5.9K views · 28 reactions | ✅ You can order a cheque book, view ch…
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