Tag: cheque truncation system
Posted in Economy
RBI postpones 2nd phase of quicker cheque clearing mechanism
Mumbai, The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to provide more time to banks to…
Posted in Economy
In Graphics: Post-dated clearing of cheques is history
The Reserve Bank of India’s new real-time cheque clearance system, aimed at improving ef ciency, is facing glitches, with some customers complaining about delays. ET…