The Central Bank of Nigeria (CBN) has issued a directive to Nigerian banks on the need to reduce the number of rejected cheques caused by Magnetic Ink Character Recognition code (MICR). The ...
ICICI Bank has announced that from October 4, 2025, cheques will be cleared on the same day of presentation, in line with the Reserve Bank of India’s new guidelines on quick clearing and settlement of ...
Lloyds Bank has issued a warning for Premium Bonds holders after cheques were sent to customers instead of payments being administered direct into bank accounts. The bank got into a spat with a social ...
MUMBAI: The new cheque clearing system of the RBI with nationwide uniformity and much shorter time lag allowing credit/debit into/from an account within a few hours, is kicking in from today, October ...
Same Day Cheque Clearing Rule: Aligning with the Reserve Bank of India’s (RBI) new guidelines on quick clearing and settlement of cheques, HDFC Bank has announced that starting October 4, 2025, ...
ICICI Bank confirmed it will introduce same-day cheque processing from 4 October 2025, provided deposits are made within the designated branch cut-off periods. This adjustment directly follows the ...
Candice Reeves is a financial writer based out of Nova Scotia. She specializes in personal finance, investing, and cryptocurrency. Her work is featured in leading publications across various ...
The newly redefined and standardised cheque for the banking system has taken off. The new cheque rule took effect on January 1, 2021. The Central Bank of Nigeria (CBN) had approved a cheque standard ...
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