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

Banks to clear cheques within few hours from Oct 4: RBI

Mumbai | The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques ...