Cheque Deposited? Faster 3-Hour Clearance Still Missing, RBI Decision May Delay Fund Access; Here’s Why

The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...

RBI delays January 3 rollout for 3-hour cheque clearance: What it means

The Reserve Bank of India (RBI) has postponed the January 3, 2026 deadline for implementing faster cheque clearance under its ...

RBI’s 3-Hour Cheque Clearance Hits Roadblock! January 3 Deadline Extended Till Further Notice

The RBI has extended the deadline to implement the second phase of faster clearance of cheques. Hence, customers can continue ...

RBI defers phase two of faster cheque clearance system rollout beyond January

Central bank postpones three hour approval rule to give banks more time as revised cheque presentation and confirmation hours ...

Faster cheque clearance gets delayed; banks not ready: RBI

RBI on Wednesday postponed phase 2 of its nationwide faster cheque clearance system, citing banks’ lack of operational ...

RBI Gives Banks More Time To Roll Out Quicker Cheque Clearance In Phase 2

Phase 1 of the system, which was implemented earlier this year, will continue to operate as usual. The RBI further stated ...
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State Bank of India introduces multi-city cheques facility

State Bank of India (SBI), country's largest public sector, lender has introduced multi-city cheques with a limit of Rs 5 lakh for personal banking customers. It is taking this initiative to retain ...
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RBI defers 3-hour cheque clearance rule: What the delay means for banks and customers

The Reserve Bank of India (RBI) has postponed the implementation of its proposed three-hour cheque clearance rule, offering ...

Why Big Tech is sprinting to India with cheques worth billions of dollars

A clutch of big-ticket investments from technology giants into India's AI and cloud ecosystem show that the country's growing market and talent pool remains a magnet for MNCs.