MUMBAI: The new cheque clearing system of the RBI with nationwide uniformity and much shorter time lag allowing credit/debit into/from an account within a few hours, is kicking in from today, October ...

Mumbai | The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques ...

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This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The new clearing system is set tobe introduced in October by ...