RBI’S real-time move: Glitches mar new cheque clearance system

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The Reserve Bank of India's new real-time cheque clearance system is experiencing glitches, with customers reporting delays due to inadequate staff training and tech integration issues. While aiming for same-day clearance, some cheques are being rejected or processed with old schedules, negating the system's benefits. Bankers anticipate these teething problems will be resolved within weeks.