ICICI Bank has announced that from October 4, 2025, cheques will be cleared on the same day of presentation, in line with the Reserve Bank of India’s new guidelines on quick clearing and settlement of ...

Mumbai: 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. Cheques ...

Electronic clearing (e-clearing), which is being implemented only at banks’ headquarters, will be extended to the branches between July and September. The extension is subject to the approval of the ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The new clearing system is set tobe introduced in October by ...