In the presented cheque, $2,000 was written in words while $5,000 was in numbers. As soon as the mistake was highlighted on social media, Sri Lanka Cricket (SLC) apologised for it.

Pune: Account holders and merchants continue to face delays in cheque processing under the newly implemented single presentation cheque clearance system, despite the National Payments Corporation of ...

RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...

Phase 1 of the system, which was implemented earlier this year, will continue to operate as usual. The RBI further stated ...

Private banks, including HDFC Bank and ICICI Bank, have informed that they will start same-day cheque clearance from October 4, following the Reserve Bank of India's (RBI) updated settlement framework ...

Phase 2, which was planned to start from January 3, 2026, was meant to make cheque clearance even faster. Banks would have ...