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 will be ...

Mumbai: Payment systems, including electronic transfers and cheque clearing, will remain open for public transactions on Saturday and Sunday. To meet the anticipated heavy demand from the public in ...

A second public consultation will be conducted in 2024 to set out the initiatives and timeline to eliminate cheques in the system. The Monetary Authority of Singapore (MAS) today announced that all ...

Dubai’s tenants needn’t stick with single-cheque rent payments if they don’t feel like it. More residential options are opening up across the city that allow rents to be split over four cheques ...

Usually, banks issue chequebooks to savings account holders. Banks issue cheques to both current account holders and savings account holders. In this era of UPI and digital transactions, the ...

SINGAPORE - Seven major banks in Singapore – Citibank, DBS Bank, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB – will begin charging individuals for Singapore dollar-denominated cheques by ...