The Reserve Bank of India (RBI) has introduced new guidelines under the Cheque Truncation System (CTS) aimed at speeding up cheque clearance and reducing the scope for fraud. From October 4, 2025, ...

India’s banking system has taken a major technological leap with the rollout of the new continuous cheque settlement system—a reform designed to make cheque clearing faster and more efficient. However ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. ITMS is a web-based payments processing system that facilitates the ...

Proposals to impose maximum limits on the transaction value and over-the-counter cashing of cheques, which would take effect by year-end 2026 at latest, were yesterday described as part of a “happy ...