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Cheque clearance in hours from Oct 4
Financial Express Lucknow
|August 14, 2025
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.
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Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours. The clearing cycle will be reduced from the present T+1 days to a few hours.
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