During 2024-25, the RBI had added 54.13 metric tonnes of gold. The Reserve Bank of India has introduced real-time clearing of cheques. However, technology integration glitches, inadequate training of ...

MUMBAI: The new cheque clearing system of the RBI with nationwide uniformity and much shorter time lag allowing credit/debit into/from an account within a few hours, is kicking in from today, October ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Why does the US lead the world in the use of paper cheques?

Cashing a check might seem like a simple process, but it becomes complicated if the check is made out to your business. If your business is a sole proprietorship, this is not much of an issue since ...

A certified cheque is a guaranteed form of payment, which means there’s no chance of insufficient funds when the cheque is cashed. Certified cheques are purchased for a fee. Many or all of the ...

A certified check is a safe payment option available at banks and credit unions. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...

Cheques cost more than you think. Processing costs, payment fraud, time delays, delayed funding, and high cheque-cashing costs can turn your financial situation into a nightmare. Cheque processing is ...

The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques will be ...

Check Bounce Tips: In our country, people of every class take the help of banks to deposit future capital and for financial ...