{"id":17324,"date":"2025-10-03T21:17:58","date_gmt":"2025-10-03T21:17:58","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/10\/03\/no-more-1-2-day-wait-cheques-to-clear-within-hours-from-october-4-banking-and-finance-news\/"},"modified":"2025-10-03T21:17:58","modified_gmt":"2025-10-03T21:17:58","slug":"no-more-1-2-day-wait-cheques-to-clear-within-hours-from-october-4-banking-and-finance-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/10\/03\/no-more-1-2-day-wait-cheques-to-clear-within-hours-from-october-4-banking-and-finance-news\/","title":{"rendered":"No More 1\u20132 Day Wait: Cheques To Clear Within Hours From October 4 | Banking and Finance News"},"content":{"rendered":"


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RBI launches continuous clearing and settlement for CTS-enabled cheques from October 04, enabling same-day clearance nationwide.<\/h2>\n
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rom Tomorrow, Cheques Won\u2019t Take 1\u20132 Days\u2014Funds to Reflect in Hours<\/p>\n<\/figure>\n

In a major overhaul, the Reserve Bank of India (RBI) is going away from the existing batch-processing model (which takes up to two working days). A new framework known as a continuous clearing and settlement on realization framework will become effective from tomorrow, October 04. It is Phase 2 of the major overhaul of the cheque clearing system across the country, which is divided in 2 phases.<\/p>\n

The Continuous Clearing and Settlement on Realisation will ensure cheque clearance within a few hours, reduce settlement risks and improve efficiency and customer experience.<\/p>\n

Instead of fixed-batch cycles, the cheques will be scanned, presented and cleared in real-time processing during business hours (10:00 Am to 4:00 PM).<\/p>\n

This will help customers to get funds through cheques on the same day, typically within hours, reducing the typical 1\u20132 day wait. Note that this applies to all CTS-enabled cheques across India. There are no changes to physical cheque issuance rules.<\/p>\n

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