Tag: Positive Pay
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RBI 3-Hour Cheque Clearance: Same-Day Processing Comes to Indian Banks
What the RBI’s 3-Hour Cheque Clearance Means India’s central bank is steering cheque transactions toward a faster, more predictable settlement timeline. The RBI has announced a framework that aims to clear many cheque transactions within about three hours of deposit. This marks a significant shift from the traditional two-day or longer waiting period that many…
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3-Hour Cheque Clearance Takes Off: RBI Pilot and Banks’ Next-Day Rollout
What is the 3-Hour Cheque Clearance? India’s financial system is moving toward speeding up how quickly cheques are converted into cash. The Reserve Bank of India (RBI) has announced a framework aimed at clearing cheques within about three hours. In parallel, private lenders have signaled support for faster processing. The combination could reduce the traditional…
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3-Hour Cheque Clearance: RBI and Banks Roll Out Cheques
What is changing with 3-Hour Cheque Clearance? India’s cheque processing landscape is evolving. The Reserve Bank of India (RBI) has introduced a 3-hour cheque clearance framework, aiming to convert cheque deposits into available cash within a few hours rather than the traditional 24- to 48-hour window. This shift could significantly improve cash flow for individuals…