Can the banks exchange clearing cheques without physically visiting the clearing house? Can the customer get his funds on the same day he deposits another bank's cheque into his account instead of ...

Those opposed to the separate clearing house explained that though cheque clearing through corresponding banks was one of the factors that hindered their growth, but setting up a separate clearing ...

In its place an electronic image of the cheque is transmitted to the paying branch through the clearing house, along with relevant information like data on the MICR band, date of presentation ...

In its place an electronic image of the cheque is transmitted to the paying branch through the clearing house, along with relevant information like data on the MICR band, date of presentation ...

For expeditious clearance of cheques, the RBI has announced measure on Continuous Clearing of Cheques under Cheque Truncation System (CTS). Once implemented cheques would be cleared within hours ...