With a view to expedite clearance of cheques, the Reserve Bank of India on Friday announced bringing all bank branches across the country under the Cheque Truncation System (CTS) from September 2021.
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From same day credit to credit within hours, how RBI is revolutionising cheque clearance process
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 ...
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