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No More 2-Day Wait, RBI's New Rules To Ensure Cheque Clearance Within Hours
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.
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Banks To Clear Cheques Within Few Hours From October 4: RBI
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.
-
No More 2-Day Wait, RBI's New Rules To Ensure Cheque Clearance Within Hours
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.
-
Banks To Clear Cheques Within Few Hours From October 4: RBI
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.
