RBI’s Cheque Clearing Overhaul: A Leap Towards Faster Payments
Faster Cheque Clearing Coming Soon: RBI to Cut Settlement Time to Hours The Reserve Bank of India (RBI) is set to revolutionize cheque payments with a new system that will drastically cut settlement times from days to just a few hours. The new framework, which shifts from a batch-processing model to a continuous clearing system, … Read more