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RBI Hikes ATM Transaction Charges, Special Arrangements For Government Cheque Clearing On March 31
Mumbai: The Reserve Bank of India (RBI) has announced a significant change for ATM users, effective from May 1, 2025. Under ...
standardmedia.co.ke11y
Cheque clearance to take one day
Ndung’u said the switch to electronically designed cheques — cheque truncation — in August 2011, has improved the efficiency of the clearing house. Initially, upcountry cheques would take up ...
The Economic Times on MSN14d
RBI mandates banks to conduct special clearing operations on March 31
In a circular on Friday, the Reserve Bank of India (RBI) also said normal clearing timings under Cheque Truncation System (CTS) as applicable to any working "Monday" shall be followed on March 31, ...
Mint17d
Positive Pay System: Know how it prevents cheque fraud and secures high-value transactions
Currently, PPS is mandatory for cheques of ₹5 lakh and above processed through the Cheque Truncation System (CTS). Earlier, effective October 1, 2024, banks in India mandated the use of PPS for ...
The New Times on MSN1mon
Evolution of cheque regulation in Rwanda
In response, financial institutions and regulators introduced stricter verification measures, cheque truncation systems, and tougher regulations to enhance security and deter fraud. Rwanda’s ...
India TV12y
RBI extends deadline for non-CTS cheques till July 31
The RBI circular said, all cheques currently with customers in the old format (non-Cheque Truncation System) will continue to be valid for another four months, i.e. till July 31. "All residual non ...