https://www.taxtmi.com/news?id=52444 The Reserve Bank mandates transition of cheque clearing from batch processing to continuous clearing with on-realisation settlement during a single presentation session; drawee banks must issue positive or negative confirmations for each presented cheque and, if confirmations are not provided within the prescribed confirmation period, items will be deemed approved and included for settlement. The clearing house will inform presenting banks of confirmations and presenting banks must release payments promptly after settlement, subject to usual safeguards. en-us Wed, 13 Aug 2025 20:16:03 +0530 Wed, 13 Aug 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52444 The Reserve Bank mandates transition of cheque clearing from batch processing to continuous clearing with on-realisation settlement during a single presentation session; drawee banks must issue positive or negative confirmations for each presented cheque and, if confirmations are not provided within the prescribed confirmation period, items will be deemed approved and included for settlement. The clearing house will inform presenting banks of confirmations and presenting banks must release payments promptly after settlement, subject to usual safeguards. News - Wed, 13 Aug 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=52444