RBI Asks Banks to Clear Cheques Within Hours Starting October 4

RBI to Introduce same day cheque credit system from Oct 4; within 3 hours from Jan 3, 2026 - The Tribune

According to the RBI's directive, issued on Wednesday to banks participating in the Cheque Truncation System (CTS) and the National Payments Corporation of India (NPCI), the new system will ensure that cheque processing, confirmation, and settlement take place in near real-time, significantly reducing delays for customers.

RBI New Cheque Clearing System: Banks To Clear Cheques Within Hours Starting October 4, Know the Process | 📰 LatestLY

The RBI is set to implement a new cheque clearing system from October this year. Starting October 4, banks will clear cheques within just a few hours, instead of the current practice that can take up to two working days. Cheque images will be scanned and sent to the clearing house by the banks on a rolling basis between 10 AM and 4 PM during business hours. 📰 RBI New Cheque Clearing System: Banks To Clear Cheques Within Hours Starting October 4…

RBI's new rule: Cheques to clear in just hours starting this date

Under the new rule, cheques will be scanned, presented, and cleared continuously during business hours, reducing the clearing cycle from the current T+1 days to just a few hours.

Banks will clear cheques within a few hours staring October 4, says RBI

Cheque Truncation System (CTS) currently processes cheques with a clearing cycle of up to two working days

RBI asks banks to clear cheques within hours starting October 4

Currently, the Cheque Truncation System (CTS) clears cheques in one or two working days, depending on when they are deposited.

Banks To Clear Cheques Within Few Hours From October 4: RBI

The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days.