Questions are emerging over the efficiency of the much touted cheque truncation system. It had been expected that with the new system in place, bank customers countywide would enjoy shorter cheque ...
RBI postpones cheque clearance rule: The Reserve Bank of India (RBI) has postponed Phase 2 of its check clearance expediting scheme. The scheme was scheduled to begin on January 3, 2026. Under this ...
In response to the Payment Council's decision to set a target date of 2018 to close the cheque clearing system, Andrew Harrop, Head of Public Policy for Age Concern and Help the Aged, said: "This move ...
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