RBI has made Positive Pay mandatory for cheques above Rs 5 lakh, while it is strongly recommended for those above Rs 50,000.

If you’ve deposited a cheque in the bank and frequently had to wait for the money to arrive – possibly even up to two days – here is some great news for you. This wait has always been an inconvenience, but that inconvenience is about to change. You’re not going to be in that position any longer. The Reserve Bank of India (RBI) will now be working within a new structure; it has introduced a new cheque clearing rule, which will be effective from today, October 4, 2025. Your cheque will now be cleared within hours, and the money will be transferred directly into your account almost instantly.

Who will be affected by the new cheque clearing rules? When will the new rul

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