The Reserve Bank of India has made it compulsory for banks to participate in a clearing operation on March 31. This process ...

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 ...

Mumbai: The Reserve Bank of India (RBI) has announced a significant change for ATM users, effective from May 1, 2025. Under ...

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 RBI has mandated all banks to participate in the special clearing operations on March 31 to facilitate accounting of all government transactions for 2024-25.

The Reserve Bank of India (RBI) has cancelled the Eid-ul-Fitr holiday for banks on March 31, 2025, to facilitate year-end ...

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 ...