October rule changes: From October 1, 2025, several significant changes will be implemented across sectors, such as banking, railways, postal, and pension services, which could have major implications for the general public. These changes aim to enhance the quality, security, and transparency of services.
Here's what will change from October 1:
RBI cheque clearing
The Reserve Bank of India (RBI) is implementing a continuous clearing system, which will replace the check clearing process with batch clearing. The new system will be rolled out in two phases: the first phase will begin on October 4, 2025, while the second phase will be implemented from January 3, 2026.
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The reform aims to speed up the cheque clearing of bank customers, while reducing