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

Altering a cheque to frame the Premier or Works Minister would have been practically impossible at the Bank of Bermuda or its cheque-clearing company, sources familiar with Bermuda's banking system ...

In CTS, banks use scanned copies of cheques for settlement instead of the physical copy making the clearing process partially electronic Clearing of bank cheques is set to become faster. In its sixth ...

The much awaited hightech cheque truncation exercise is likely to be launched officially by the end of December. Initially, ten banks would be joining this high-tech facility, more banks are likely to ...

RBI postpones cheque clearance rule: The Reserve Bank of India (RBI) has postponed Phase 2 of its check clearance expediting scheme. The scheme was scheduled to begin on January 3, 2026. Under this ...

(MENAFN- GetNews) Dubai, UAE - June 24, 2024 - Delicate Software Solutions is proud to announce the launch of its innovative cheque printing software , designed to streamline cheque issuance for ...

With a view to expedite clearance of cheques, the Reserve Bank of India on Friday announced bringing all bank branches across the country under the Cheque Truncation System (CTS) from September 2021.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Cheque payments could be speeded up if work carried out by the UK Payments Association is continued. This year, ...

Mumbai: Clearing of bank cheques is set to become faster. In its sixth bi-monthly monetary policy statement, the Reserve Bank of India (RBI) on Thursday said it would implement the Cheque Truncation ...