Pune: Account holders and merchants continue to face delays in cheque processing under the newly implemented single presentation cheque clearance system, despite the National Payments Corporation of ...

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An electronic cheque which eliminates the need for costly processing by banks but preserves the simplicity and ease of a traditional cheque book has been designed by a team of academics in the UK.

Starting today, banks across India have implemented a new system for cheque clearance, promising faster processing and quicker availability of funds. The change is expected to benefit millions of ...

The Reserve Bank of India (RBI) has postponed the implementation of its proposed three-hour cheque clearance rule, offering banks additional time to prepare for faster processing norms. The decision ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

SINGAPORE — All corporate cheques will be eliminated by end-2025 while individuals will still be able to use cheques for a period after 2025, the Monetary Authority of Singapore (MAS) announced on ...