The National Payments Corporation of India (NPCI) on Thursday said that some teething issues persist in the continuous cheque clearing system. On October 4, 2025, the Reserve Bank of India introduced ...
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RBI realtime cheque clearance system: Customers complain of delays; bank staff not fully trained
India’s new real-time cheque clearance system, introduced by the Reserve Bank of India to speed up payments, is facing early teething issues. Many customers have reported delays as the bank staff is ...
In response to the Payment Council's decision to set a target date of 2018 to close the cheque clearing system, Andrew Harrop, Head of Public Policy for Age Concern and Help the Aged, said: "This move ...
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