Explainer: Why cheque clearing has run into problems
Published on: Oct. 15, 2025, 10:53 p.m. | Source: The Financial Express
The RBI has launched a new real-time cheque clearance system to enhance efficiency and decrease processing time. Despite facing challenges, such as technology integration issues and inadequate staff training, the RBI and NPCI are working to resolve them. A new Positive Pay system has also been introduced to prevent frauds in cheque transactions. | financialexpress.com
