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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 ...
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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 ...
Zee Business

RBI gives banks more time to roll out quicker cheque clearance in phase 2

Under the proposed Phase 2 guidelines, banks are required to clear or reject any cheque deposited over the counter within just three hours. The RBI further stated that the timing of the presentation ...
Business Today

RBI postpones Phase 2 rollout of faster cheque clearing; Phase 1 to continue for now

The Reserve Bank of India (RBI) on Wednesday said it has postponed the rollout of Phase 2 of the cheque clearing system until further notice, giving banks additional time to streamline their ...
Mena FN

RBI Gives Banks More Time To Roll Out Quicker Cheque Clearance In Phase 2

(MENAFN- IANS) Mumbai, Dec 24 (IANS) The Reserve Bank of India (RBI) announced on Wednesday that it has postponed the implementation of Phase 2 of the faster cheque clearance framework by banks, which ...