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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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From same day credit to credit within hours, how RBI is revolutionising cheque clearance process

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 ...