Gehost op MSN

Now, get money from cheque within hours, RBI makes big changes in cheque clearing process, details inside

In a welcome step, the Reserve Bank of India (RBI) has made a major change in the process of clearing checks. From October 4, 2025, checks will now be paid in a few hours, whereas it used to take a ...
Gehost op MSN

RBI Overhauls Cheque Clearing; Same-Day Processing From October 4

The Reserve Bank of India (RBI) has announced that bank cheques must be cleared within a few hours from October 4 -- down from the current clearance time of up to two working days. Under the new ...
The Financial Express

From days to just 4 hours, cheque clearing to get faster from this day; Check RBI’s 2-phase plan

RBI's new rule to expedite cheque clearing in banks. (Image: PTI) The Reserve Bank of India (RBI) has decided to put in place a new system to clear cheques, reducing the clearing time from 2-3 days to ...
Zee Business

Big relief for cheque depositors soon; from October 4, this new clearing system may change banking experience

In a major reform to the cheque clearing system, the Reserve Bank of India (RBI) will introduce real-time settlement from October 4, 2025, enabling funds to be credited within hours instead of the ...
bangaloremirror.indiatimes

BM Finance Fundas: Same day or within hours, cheque clearance process to be overhauled

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 ...
The New Indian Express

Continuous cheque clearing system kicks in from today

MUMBAI: The new cheque clearing system of the RBI with nationwide uniformity and much shorter time lag allowing credit/debit into/from an account within a few hours, is kicking in from today, October ...