No Eid Break: Banks to Remain Operational on March 31 for Year-End Govt Transactions, Says RBI
The Reserve Bank of India has made it compulsory for banks to participate in a clearing operation on March 31. This process ...
Mid-Day on MSN2d
Will banks, BSE, and NSE remain closed on March 31? Check RBI’s latest update
As the financial year 2024-25 comes to a close, the Reserve Bank of India (RBI) has announced that banks in India will remain ...
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 ...
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 ...
India TV12y
RBI extends deadline for non-CTS cheques till July 31
The RBI circular said, all cheques currently with customers in the old format (non-Cheque Truncation System) will continue to be valid for another four months, i.e. till July 31. "All residual non ...
Mid-Day2d
Eid al-Fitr 2025: Will banks, BSE, and NSE remain closed on March 31? Check RBI’s latest update
The Reserve Bank of India (RBI) has cancelled the Eid-ul-Fitr holiday for banks on March 31, 2025, to facilitate year-end ...
The Financial Express5d
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.