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This article explains the new check clearance process that will speed up transactions in India, starting from October 4, 2025.
Starting from October 4, 2025, if you deposit a check at the bank, it will be cleared on the same day. This new rule is introduced by the Reserve Bank of India to make banking faster and more efficient.
Currently, it takes 1 to 2 days to clear a check. The process involves scanning the check and then waiting for clearance. With the new system, banks will scan checks throughout the day and send them directly to the clearing house, speeding up the entire process.
From October 4, banks will accept check submissions between 10 am and 4 pm. If you submit your check within this time frame, it will be cleared on the same day. Just ensure you deposit you