Same Day Cheque Clearing Rule: Aligning with the Reserve Bank of India’s (RBI) new guidelines on quick clearing and settlement of cheques, HDFC Bank has announced that starting October 4, 2025, ...
Bank of Baroda (BOB) customers from February 1 will have to comply with changes made to its cheque payments system. As per the changes, customers are requested to provide the bank advance intimation ...
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 ...
To make cheques safer, the Reserve Bank of India (RBI) has asked banks to implement a system called Positive Pay from January 2021. The system adds an extra layer of security to reduce cheque-related ...
The Reserve Bank of India (RBI) on Thursday said it has decided to introduce a mechanism of 'Positive Pay' for all cheques of value Rs 50,000 and above. Under the 'positive pay' system, a customer who ...
UPI (Unified Payments Interface) transactions have made life a lot easier by facilitating seamless and instant money transfers between banks. Despite these technological advances in payments, cheques ...
The cheques that are registered in the PPS will only be accepted under the dispute resolution mechanism. Earlier, the mandatory submission of cheque details in PPS was set at Rs 10 lakh and above. As ...
https://www.thehindubusinessline.com/opinion/columns/the-cheat-sheet/how-positive-pay-system-safeguards-cheque-payments/article33348513.ece Copy Banking regulator ...
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