On October 4, 2025, the Reserve Financial institution of India launched a steady cheque clearing system with the target of clearing cheques in just a few hours reasonably than in batches.
This transition has changed the cheque clearing cycle of as much as two working days with a brand new and quicker course of, whereby cheques might be cleared inside just a few hours of presentation.
“From October 4, 2025, until date, we have now facilitated constructive clearance of two.56 crore devices amounting to over Rs 3,01,000 crore by the central system,” NPCI stated in a press release.
As of date, each instrument that was offered for clearing by banks has been cleared and constructive/damaging affirmation supplied, it stated, including that banks have been suggested to credit score the shoppers’ accounts for the positively confirmed cheques.
“Whereas most points have been resolved, some teething points proceed to be noticed within the programs and processes on the central system in addition to at some banks. Efforts are ongoing to handle the remaining challenges and to make sure that all cheques offered are paid on the identical day,” it stated.Some clients confronted delays within the preliminary days as a result of delays within the clearing course of, it added.”We remorse the inconvenience triggered as a result of these delays. We stay dedicated to making sure a easy cheque clearing expertise and recognize your continued assist and understanding in transitioning to steady clearing,” it stated.
NPCI is the umbrella entity accountable for working retail funds and settlement programs in India. It’s established by the Reserve Financial institution of India (RBI) and the Indian Banks’ Affiliation (IBA). PTI