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Banks to process cheque clearances within hours from THIS date – Here’s what RBI’s new mechanism means for you

The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, PTI reported. This will reduce the current time period of up to two working ...
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RBI's New Cheque Clearing System: What does this mean for customers?; Process, rules, guidelines | EXPLAINED

RBI's New Cheque Clearing System: Starting today, October 4, 2025, India's cheque clearing system is getting a major upgrade. The Reserve Bank of India (RBI) is replacing the traditional batch-based ...
India

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 ...
millenniumpost

Banks to clear cheques within few hours starting October 4: RBI

Mumbai: 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 ...
India

Cheque clearing process

Nivedita Dash | Aug 14, 2025, 11:09 AM IST Banks will scan the checks received from their customers, send them to the clearing house and then submit them for approval during banking hours. By clicking ...
millenniumpost

‘Banks to clear cheques within hours’

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 ...