Mumbai: The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques ...

Cheque Clearing Process In Banks: From 4 October 2025, there is going to be a revolutionary change in the process of cheque payment. Where earlier you had to wait for a day or two, now this work will ...

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 ...

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 ...

These mechanisms would help regulators and institutions align to supervise AI outcomes, detect weaknesses before they escalate, and ensure that AI-driven decision-making can be understood and, if ...

New Delhi: ICICI Bank has announced a major change to its cheque settlement process, aimed at reducing delays and improving customer convenience. From October 4, cheques submitted across the bank ...

https://www.thehindubusinessline.com/data-stories/data-focus/why-continuous-clearing-is-unlikely-to-boost-cheque-usage/article70131732.ece Copy RBI’s new continuous ...

A delegation from the Maharashtra Chamber of Commerce, Industry and Agriculture, led by Branch Chairperson Anju Singhal and Co-Chairperson Bhavesh Manek, met Rajesh Deshmukh, Deputy General Manager of ...

Barclays is set to be the first bank in the UK to pilot technology that will allows businesses and consumers to deposit cheques via their smartphones, reducing the time it takes for cash to clear.

easypaisa Digital Bank, Pakistan’s first digital retail bank, has signed a Memorandum of Understanding (MoU) with the National Institutional Facilitation Technologies (NIFT), formalizing a strategic ...