Hosted on MSN

No more waiting for 1-2 days: From October 4, banks will clear cheques within hours - Details inside

The Reserve Bank of India (RBI) has announced a major upgrade in the way cheque clearance will work across the country. Starting 4 October 2025, banks will clear cheques within a few hours instead of ...
Hosted on MSN

From same day credit to credit within hours, how RBI is revolutionising cheque clearance process

In a bid to speed up the cheque processing time from the current T+1 settlement period, RBI has announced that starting October 1, 2025, cheque handling will move away from the existing batch clearing ...