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  Good news for bank customers: RBI says banks will clear cheques within few hours from October 4

  Business | August 13, 2025 22:39 IST

  The RBI said there will be a single presentation session from 10:00 AM to 4:00 PM and cheques received by the branches shall be scanned and sent to the clearing house by the banks immediately and continuously during the presentation session.

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  PNB to make high-value cheque verification system mandatory from April 4

  Business | March 02, 2022 9:30 IST

  The system, developed by the National Payments Corporation of India (NPCI), mandates a customer issuing the high-value cheque to reconfirm some essential details which are cross-checked while presenting the cheque in clearing before payment.

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  New rule for cheque payments from January 1. All you need to know

  Business | December 13, 2020 14:52 IST

  RBI governor Shaktikanta Das had earlier announced that ‘positive pay system’ for cheque will be introduced soon, under which re-confirmation of key details will be needed for payments beyond ₹50,000.

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  Positive pay system for cheque payments to come into effect from Jan 1: RBI

  Business | September 25, 2020 21:49 IST

  In order to check banking fraud, the Reserve Bank of India has decided to introduce from January 1, 2021, the 'positive pay system' for cheque, under which re-confirmation of key details may be needed for payments beyond Rs 50,000. 

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  After noteban, cheque books could be next on Modi's agenda in push for less-cash economy

  Business | November 21, 2017 18:33 IST

  The government could withdraw the cheque book facility to push debit and credit card transactions, a senior trade body official said.

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  RBI asks banks to alert customers in high value cheque payment

  November 06, 2014 12:34 IST

  Mumbai: To clamp down on cheque-related fraud cases, the Reserve Bank of India (RBI) on Wednesday asked banks to alert account holders by a phone call and contact the base branch in case of non-home