In a significant customer-friendly move, the Reserve Bank of India (RBI) has announced a major overhaul of the cheque clearing system. Starting October 4, 2025, cheque payments will be processed ...

It will soon be possible for commercial banks to eliminate the physical movement of cheques, with images. This is expected to speed up the process of settlements and ultimately alter the clearing ...

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 ...

These mechanisms would help regulators and institutions align to supervise AI outcomes, detect weaknesses before they escalate, and ensure that AI-driven decision-making can be understood and, if ...

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 ...

Is due to the merger of Union Bank of India and Bank of India. Will new recruitment vacancy for ibps po/clerk will reduce in ...

Bank drafts, certified cheques and money orders are all secure alternatives to cash, but they differ in availability, amount limits and cost. Many or all of the products on this page are from partners ...

Panaji: For the past four days, Deoniz Noel has been making the same tiresome journey to the Union Bank of India branch in Navelim. Each morning, he waits in a queue, seeking answers about a cheque ...