The Free Press Journal

Discontinuation Of Axis Bank Cheque Collection, HDFC Bank To Replace Service

Mumbai: Members are notified that the cheque collection facility provided by Axis Bank for Mutual Fund transactions through the BSE StAR MF platform will be discontinued soon. Clients wishing to pay ...
The Free Press Journal

Banks To Follow Same-Day Cheque Clearance From October 4 For Seamless Payments

New Delhi: 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 ...
The Financial Express

New NPS rules, higher bank charges, faster cheque clearance and more – Check key money rule changes from today

Several major financial and regulatory changes will take effect from today, i.e. October 1, across the country. These money rule changes include new rules for the National Pension System (NPS), ...
The New Indian Express

RBI asks banks to clear cheques within hours from Oct 4

MUMBAI: To improve customer convenience by reducing settlement risks by moving to a faster, real-time clearing process, (apart from the electronic format of NEFT and RTGS), the Reserve Bank has asked ...
Deccan Chronicle

Banks to Clear Cheques on Same Day From Tomorrow

Mumbai: In a landmark move, from Saturday, India’s cheque clearing system will become much faster, moving from a batch-based process to continuous clearing and settlement on realisation. This change ...