Cheques to be cleared within hours from tomorrow: Explained
India's cheque clearing system is set for a major overhaul from October 4, transitioning to a continuous, near real-time process. This significant change will drastically reduce fund transfer times from days to just a few hours, offering customers and businesses faster access to money. Cheques will be processed throughout the day with hourly settlements, ensuring quicker payments nationwide.
India's cheque clearing system is set for a major overhaul from October 4, transitioning to a continuous, near real-time process. This significant change will drastically reduce fund transfer times from days to just a few hours, offering customers and businesses faster access to money. Cheques will be processed throughout the day with hourly settlements, ensuring quicker payments nationwide.
