RBI Cheque Clearing Rules: The RBI introduced this new system with the goal of ensuring that Cheques are cleared within hours after being deposited in the bank, and funds are deposited into accounts ...

Ahmedabad: A consumer commission in Ahmedabad held that Indian Bank was liable to pay Rs 6.16 lakh — 50% of the property tax of a citizen whose cheque, issued in favour of the civic body, was ...

Dubai: Indian expats in the UAE who still use cheques for transactions back home will soon see money move faster, thanks to a major upgrade in India’s cheque clearance process. The Reserve Bank of ...