Cheque Clearance Rules: The Reserve Bank of India (RBI) has decided to make a big change related to the check. From October 4, 2025, the time to clear the check will be significantly reduced. Till now, it used to take 2 to 3 days of working day to clear the check, but in the new system this work will be done in a few hours. From October 4, the old problem of check clearance will end to a great extent. Now you will not have to wait for days to pass the check.
What is the new system?
Till now the check clearing batch used to run on the processing system. That is, the bank sends checks at a fixed time and then it is cleared by processing. Now it is being changed to the COTINUS Clearing and Settlement on Realization Model. This means that the checks will be cleared continuously throughout the day, which will also save time.
How will the process happen?
The banks will scan the check scan from 10 am to 4 pm and send it to the Clearing House.
The clearing house will immediately send a check image to the bank on which the check has been released.
The bank will have to tell on the same day at the scheduled time whether the check will pass or bounce.
Phase 1 – From October 4: The bank will have to give confirmation till 7 pm. If the bank does not reply, the check will be accepted automatically.
Phase 2 – From 3 January 2026: Confirmation time will be reduced to just 3 hours. For example, the check coming from 10 am to 11 am will have to confirm by 2 pm.
How will customers benefit?
Rapid money will come in account: Clearing and settlements will be every hour.
As soon as the check is passed, the bank will have to pay the customer within an hour (after necessary checking).
This will provide relief to traders, employees and common customers.
Make transactions faster and easier.
To end the delay in settlement.
To improve customer experience.
Also, RBI has also allowed that the balance surplus rupee kept in foreign currency can be invested in government bonds. This will increase liquidity in the market. The new system will benefit both the customer and the bank.