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 ...

RBI postpones cheque clearance rule: The Reserve Bank of India (RBI) has postponed Phase 2 of its check clearance expediting scheme. The scheme was scheduled to begin on January 3, 2026. Under this ...

RBI to roll out new system that reduces cheque clearance times from days to just few hours Dubai: UAE-based Indian expats depositing cheques into their Indian bank accounts will soon see a major ...

Businessmen and individual customers of banks continue to face delays in cheque-clearance even 10 days after the introduction of the same-day cheque clearance facility introduced by the Reserve Bank ...

https://www.thehindubusinessline.com/money-and-banking/npci-reports-progress-in-continuous-cheque-clearing-minor-delays-persist/article70195303.ece Copy The National ...

“To facilitate transition to continuous clearing, it has been decided to modify session timings and conduct special clearing in the cheque truncation system (CTS) on October 3,” RBI said. MUMBAI: The ...