New cheque clearing process starting from Oct 4, 2025
New cheque clearing process in India starting from October 4, 2025 Existing System (Until Oct 3, 2025) : Clearing Method: Batch clearing Switch to Continuous Clearing (on‐realisation) : The current batch-wise settlement model for cheques will be replaced with a continuous clearing system. Rather than waiting for a fixed “cheque-clearance slot,” cheques presented during the …