Hosted on MSN
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 ...
New Delhi, August 20, 2025: In a major relief for millions of bank customers, the Reserve Bank of India (RBI) has announced a significant reform in the cheque clearing system. Starting October 4, 2025 ...
The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to provide more time to banks to streamline their operations. Photograph: Francis ...
The second phase of the cheque clearing system has been postponed until further notice to allow more time for banks to streamline their operations, the RBI said on Wednesday. Earlier, lenders were ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results