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 ...

Same Day Cheque Clearing Rule: Aligning with the Reserve Bank of India’s (RBI) new guidelines on quick clearing and settlement of cheques, HDFC Bank has announced that starting October 4, 2025, ...

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 ...

Questions are emerging over the efficiency of the much touted cheque truncation system. It had been expected that with the new system in place, bank customers countywide would enjoy shorter cheque ...

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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 ...

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 ...