cheque truncation system Archives

RBI Postpones Phase 2 Cheque Clearing, Modifies Presentation And Confirmation Hours

DainikNews Live Admin3 months ago04 mins

RBI Guidelines For Cheque Clearing Time: The Reserve Bank of India (RBI) said on Wednesday that it has delayed the rollout of Phase 2 of the faster cheque clearance system by banks. The new phase was earlier set to begin on January 3, 2026. The RBI also announced changes to cheque processing timings. Cheques can…

What Is Positive Pay System In SBI, PNB And Other Banks? Know How It Protects Cheque Frauds – News18

DainikNews Live Admin1 year ago06 mins

Last Updated:December 13, 2024, 4:40 PM IST Positive Pay System: RBI introduced the facility in 2021 to combat the rising cases of cheque fraud. Positive Pay System: Customers wishing to enrol in the system must complete a one-time registration for their cheque-operated account. Positive Pay System: Worried about cheque fraud? The Reserve Bank of India…