In CTS, banks use scanned copies of cheques for settlement instead of the physical copy making the clearing process partially electronic Clearing of bank cheques is set to become faster. In its sixth ...

Banks are introducing enhanced security features on cheque books, including alphanumeric codes. Customers should check their ...

During 2024-25, the RBI had added 54.13 metric tonnes of gold. The Reserve Bank of India (RBI) has introduced continuous clearing and settlement of cheques throughout business hours (10 am to 4 pm).

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Cheque payments could be speeded up if work carried out by the UK Payments Association is continued. This year, ...