RBI Cheque Clearing Rules: The RBI introduced this new system with the goal of ensuring that Cheques are cleared within hours after being deposited in the bank, and funds are deposited into accounts ...

Central bank postpones three hour approval rule to give banks more time as revised cheque presentation and confirmation hours ...

The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...

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 ...

The Reserve Bank of India (RBI) has postponed the January 3, 2026 deadline for implementing faster cheque clearance under its ...

Starting October 1, several changes are slated to kick in, involving government departments, banks, and even some of the regulatory bodies in India. The changes include NPS pension rules, banking ...

The RBI has extended the deadline to implement the second phase of faster clearance of cheques. Hence, customers can continue ...

ICICI Bank has announced a big change in its cheque processing to make banking faster and easier for customers. Starting October 4, cheques submitted at any branch will be cleared and credited to ...

“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 ...

ICICI Bank confirmed it will introduce same-day cheque processing from 4 October 2025, provided deposits are made within the designated branch cut-off periods. This adjustment directly follows the ...