RBI Hikes ATM Transaction Charges, Special Arrangements For Government Cheque Clearing On ...
Mumbai: The Reserve Bank of India (RBI) has announced a significant change for ATM users, effective from May 1, 2025. Under ...
Positive Pay System: Know how it prevents cheque fraud and secures high-value transactions
The Positive Pay System (PPS) by the RBI enhances cheque security by requiring issuers of cheques over ₹50,000 to ...
moneycontrol.com29 天
Cheque Truncation System
Last month, the Reserve Bank of India (RBI) had announced pan-India coverage of CTS by bringing all bank branches under the image-based clearing mechanism. The CTS is in use since 2010 and ...
standardmedia.co.ke11 年
Cheque clearance to take one day
Commercial banks will reduce the cheque-clearing period from two days to one from August 19. This means if you deposit a cheque in any part of the country on Monday, your account will be credited ...