ICICI Bank confirmed it will introduce same-day cheque processing from 4 October 2025, provided deposits are made within the designated branch cut-off periods. This adjustment directly follows the Reserve Bank of India (RBI)’s most recent regulations, which are intended to modernise cheque settlements and accelerate fund release throughout India. Customers have been contacted through e-mail, with particular attention drawn to the necessity of observing cut-off times for swift handling. The primary objective: shorter waiting periods, increased practicality, and faster access to deposited sums. Advertisement

In August 2024, former RBI Governor Shaktikanta Das announced that the Reserve Bank of India is working on cutting cheque clearing time from the current two days to just a few hours.

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