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Now, Cheque Clearance In Just Hours, RBI Introduces New Process, Full Details Inside

In a significant customer-friendly move, the Reserve Bank of India (RBI) has announced a major overhaul of the cheque clearing system. Starting October 4, 2025, cheque payments will be processed ...
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Banks to clear cheques within few hours from Oct 4: RBI

Mumbai | The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques ...
standardmedia.co.ke

Banks warm up to single day cheque clearing period

Commercial banks are set to migrate to a single day cheque clearing cycle, starting from Monday (August 19th), marking a landmark achievement in the history of banking in the country. Get Full Access ...
standardmedia.co.ke

New dawn as cheque truncation takes effect

Tomorrow marks the dawn of a new era as the banking industry changes how cheques are processed and cleared. From Wednesday, Kenyan banks will electronically process and clear cheques, removing the ...
Arabian Business

Jordan’s move to electronic cheque processing

The Central Bank of Jordan (CBJ) has deployed an electronic cheque clearing (ECC) system to streamline the Hashemite Kingdom’s move toward electronic banking. Based on Progress Soft’s ECC (PS-ECC) ...