Mumbai: India’s private sector leaders HDFC Bank and ICICI Bank will begin offering same-day cheque clearance starting October 4, 2025. This change is part of the Reserve Bank of India (RBI)’s updated rules to speed up cheque settlements and make the payment process more secure.

According to the banks, any cheque deposited from October 4 will be cleared within a few hours on the same day. Customers have been advised to keep sufficient balance in their accounts to avoid cheque bounce. The banks have also emphasised that all cheque details must be filled in correctly to prevent delays or rejection. Read Also Mumbai News: NCLT Dismisses Indian Bank’s Insolvency Plea Against Personal Guarantor As...

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Alongside faster clearance, banks are also urging custo

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