Tag: Continuous Clearing and Settlement on Realisation
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RBI Rule Change Cheques to be Cleared in Just Hours
The Reserve Bank of India (RBI) has announced a landmark reform that is set to revolutionize cheque processing in India. Beginning October 4, 2025, cheques will be cleared within mere hours, replacing the current system that often takes up to two working days. This sweeping change, which will unfold in two phases, promises not only…