Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours. The clearing cycle will be reduced from the present T+1 days to a few hours.

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 ...

(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 ...

In a welcome step, the Reserve Bank of India (RBI) has made a major change in the process of clearing checks. From October 4, 2025, checks will now be paid in a few hours, whereas it used to take a ...

RBI implements same-day cheque clearance from October 4. From October 4, banks will be clearing cheques the same day, as required by the Reserve Bank of India's updated settlement framework that aims ...

In a bid to speed up the cheque processing time from the current T+1 settlement period, RBI has announced that starting October 1, 2025, cheque handling will move away from the existing batch clearing ...

Lien marking reduces usable balance despite healthy account totalsECS debits and cut-off timings often trigger unexpected cheque returnsTechnical errors cause bounces even without balance issues At ...