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 ...
Yahoo

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 ...

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 ...
Newspoint on MSN

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 ...
Gulf News

Do you have an Indian bank account? Your cheques will soon clear faster

RBI to speed up cheque processing to near real-time for Indian bank customers from October Dubai: Indian expats in the UAE who still use cheques for transactions back home will soon see money move ...