Hosted on MSN

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 ...
Hosted on MSN

Some teething issues persist in new cheque clearing system: NPCI

The National Payments Corporation of India (NPCI) on Thursday said that some teething issues persist in the continuous cheque clearing system. On October 4, 2025, the Reserve Bank of India introduced ...
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 ...
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 ...