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

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.

People will be able to pay in a cheque simply by photographing it on their smartphone or tablet under new British Government legislation. People will be able to pay in a cheque simply by photographing ...

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 ...

India's new real-time cheque clearance system is experiencing initial problems. Bank staff are facing challenges with new processes, and technical glitches are slowing down cheque processing.

Last week we carried a story about a sad actor who has found it impossible to lodge cheques made out in US dollars and sent to him from US television and film studios because the cheques were deemed ...

Manama, Kingdom of Bahrain - 3 rd August 2009 -The Central Bank of Bahrain (CBB) is pleased to announce the introduction of a uniform set of cheque standards and specifications for designing and ...