RBI asks banks to clear cheques within hours starting October 4
Published on: Aug. 14, 2025, 12:12 a.m. | Source: The Indian Express
Under the new system, cheques will be scanned, processed, and settled continuously during business hours, instead of being cleared in batches. This means that the current T+1 clearing cycle (where T is the day of cheque deposit) will be reduced to just a few hours.
