RBI postpones check clearance rule in 3 hours: Was to be implemented from January 3; Now processing will happen from 9 am to 7 pm
New Delhi25 minutes ago copy link The Reserve Bank of India (RBI) has postponed the Phase 2 scheme to speed up check clearance. This scheme was scheduled to start from January 3, 2026. In this phase, banks had to approve or reject the check within 3 hours of receiving the image. Now it has been…