Eid-Ul-Fitr bank holiday 2025: Are banks open today for year-end bank closure?
RBI has canceled the Eid holiday for agency banks on March 31, 2025, to ensure uninterrupted government-related financial transactions. Special provisions, including extended hours for ...
RBI Hikes ATM Transaction Charges, Special Arrangements For Government Cheque Clearing On March 31
Mumbai: The Reserve Bank of India (RBI) has announced a significant change for ATM users, effective from May 1, 2025. Under ...
Positive Pay System: Know how it prevents cheque fraud and secures high-value transactions
The Positive Pay System (PPS) by the RBI enhances cheque security by requiring issuers of cheques over ₹50,000 to ...
RBI mandates banks to conduct special clearing operations on March 31
The RBI on Friday asked all banks to mandatorily participate in the special clearing operations on March 31 to facilitate ...
moneycontrol.com1mon
Cheque Truncation System
update your address After announcing the implementation of cheque truncation system (CTS), the State Bank of India (SBI) has asked its customers to update their mailing address. The lender is ...
standardmedia.co.ke11y
Cheque clearance to take one day
Ndung’u said the switch to electronically designed cheques — cheque truncation — in August 2011, has improved the efficiency of the clearing house. Initially, upcountry cheques would take up ...
The Financial Express2d
Banks open for selective operations on March 31: RBI mandates participation in special clearing
The RBI has mandated all banks to participate in the special clearing operations on March 31 to facilitate accounting of all government transactions for 2024-25.