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NPCI Says Same-Day Cheque Clearing System Stabilised; Bank Unions Urge RBI to Step In - Elite Wealth Ltd
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NPCI Says Same-Day Cheque Clearing System Stabilised; Bank Unions Urge RBI to Step In - Elite Wealth Ltd
The National Payments Corporation of India (NPCI) announced that the newly introduced same-day cheque clearing system (T+0) has largely stabilised after facing initial technical and operational hiccups. According to NPCI, the central system has been functioning smoothly since October 13, 2025, and most of the early issues have been resolved in coordination with participating banks. The clarification comes amid widespread concern over cheque clea…
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