RBI clarified how cheque truncation and continuous clearing speed up settlements by using electronic images instead of physical cheques. The FAQs outline timelines, safeguards, and customer ...
New Delhi, Dec 26 (KNN) The Reserve Bank of India (RBI) has deferred the implementation of Phase 2 of its faster cheque clearance framework, which was scheduled to come into effect from January 3, ...
The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to provide more time to banks to streamline their operations. Photograph: Francis ...
The second phase of the cheque clearing system has been postponed until further notice to allow more time for banks to streamline their operations, the Reserve Bank of India (RBI) said on Wednesday.
RBI Guidelines For Cheque Clearing Time: RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by moving away from the traditional ...
Phase 1 of the system, which was implemented earlier this year, will continue to operate as usual. The RBI further stated that the timing of the presentation session for cheques has also been modified ...
The Reserve Bank has delayed the rollout of the second phase of the faster cheque clearance system. This decision gives banks additional time to adjust their operations. Initially, banks were expected ...
Under the proposed Phase 2 guidelines, banks are required to clear or reject any cheque deposited over the counter within just three hours. The RBI further stated that the timing of the presentation ...
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Earth imaging company BlackSky has announced the successful deployment of its third Gen-3 imaging satellite, which returned high-resolution imagery of the Port of Jebel Ali in Dubai within 24 hours of ...
A comet hurtling through the solar system from interstellar space is exactly what it appears to be, NASA officials said Wednesday, moving to quash a wave of online speculation. At a news conference, ...
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