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Cheque settlement to become faster: RBI to roll out hours-long clearance from October 4

The Reserve Bank of India (RBI) will implement a new mechanism for cheque clearance starting October 4, 2025, allowing cheques to be cleared within hours of being presented, instead of the current ...
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RBI postpones 2nd phase of quicker cheque clearing mechanism; gives banks more time

Mumbai: 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. The second ...