RBI Delays Implementation of Second Phase for Faster Cheque Clearing Mechanism

The Reserve Bank of India has postponed the second phase of the faster cheque clearing mechanism to allow banks more time to ...

Cheque Deposited? Faster 3-Hour Clearance Still Missing, RBI Decision May Delay Fund Access; Here’s Why

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

RBI delays January 3 rollout for 3-hour cheque clearance: What it means

The Reserve Bank of India (RBI) has postponed the January 3, 2026 deadline for implementing faster cheque clearance under its ...
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RBI Looks Into Cheque Clearing Hiccups After New System Comes Into Play

As the system reels under delays in cheque clearance, the Reserve Bank of India has stepped up its monitoring of the issues. The central bank is in constant touch with the National Payments ...
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RBI update: Big news for those who pay by cheque, RBI has changed its plan

The Reserve Bank of India (RBI) has taken an important decision regarding people who make payments by check. The RBI has ...
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New dawn as cheque truncation takes effect

Tomorrow marks the dawn of a new era as the banking industry changes how cheques are processed and cleared. From Wednesday, Kenyan banks will electronically process and clear cheques, removing the ...