No More 2-Day Wait, RBI's New Rules To Ensure Cheque Clearance Within Hours
Tuesday, 19 August 2025Newsdesk
The central bank has announced that the Cheque Truncation System (CTS) will shift from batch processing to a continuous clearing and settlement model.
New Delhi 19 August 2025
As per news report of NDTV,Bank customers will no longer have to wait two working days for cheque deposits to clear. Starting October 4, the Reserve Bank of India (RBI) will implement a faster settlement system promising funds in only a few hours.
Source - NDTV
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