The bank check will be cleared in a few hours from tomorrow: banks started trial of new clearance system from today, first 2 days it used to take 2 days.

New Delhi46 minutes ago

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The bank check clearance system will be implemented in two face.

The Reserve Bank of India is going to make a big change in the RBI check clearance system from tomorrow (October 4). Under this, after submitting the amount of check, the process will come and come to the account in a few hours. Currently, it takes up to 2 days to clear the check.

This new system is ‘Continuous Clearing and Settlement’. After its implementation, banks will scan the check, present and pass in a few hours. All this work will be done in the working hours of the bank. Banks have started its trial from today itself.

Banks asked customers to keep sufficient balance

Private banks, including HDFC and ICICI Bank, said that the check will be done on the same day from October 4. Both banks have asked the customers to keep sufficient balance in the account, so that there is no check bounce. Also, fill all the details of the check correctly, otherwise there may be delay or rejections.

More than ₹ 50,000 details will have to be given 24 hours in advance

Banks have asked customers to use positive pay systems to increase security. Under this, some necessary details will have to be given to the bank before depositing checks of more than Rs 50,000.

In this, you will have to tell your account number, check number, date, amount and the name of whom you are giving checks to the bank at least 24 working hours in advance.

The bank will check these details on receiving the check. If everything matches, the check will be cleared, otherwise it will be rejected. In such a situation, you have to give details again.

Learn the full details in question and answer here …

Question 1: Will the check money be found on the same day?

answer: Yes, this will happen in most cases. If you deposit the check in the morning, the money will come to your account by noon or evening on the same day. These changes are to further intensify the check tankation system (CTS).

Question 2: What is a check tranquility system ie CTS?

answer: CTS is the system in which there is no need to send a physical copy of the check. The check is scanned and its digital image is made and the image goes from bank to bank. This eliminates the need to transfer the check physically, but when deposited in drop box or automatic teller machines, disposal usually takes two working days. Now RBI has made it smarter so that processing is faster.

Question 3: How will the new check clearance system work?

answer: If you submit checks between 10 am and 4 pm, it will be scanned and sent for clearing. There will be settlement between banks every hour from 11 am. The bank that has to pay, has to be confirmed by 7 pm. If they do not answer, the check will automatically approve.

Question 4: These rules will apply everywhere?

answer: Three Grids of RBI- These rules will apply to the branch of all banks of the country under Delhi, Mumbai and Chennai. That is, there will be a similar system in the whole of India.

Question 5: How is RBI applying it?

Phase 1- From 4 October 2025 to 2 January 2026, banks will have to confirm the check from 7 pm.

Phase 2- From 3 January 2026, banks will have to respond in just 3 hours.

Question 6: Will any new charge have to be paid for this?

answer: So far there is no special information about this that there will be a new charge. The focus of RBI is simply to make the process faster and easier. Banks also have to be ready to adopt this new system.

Question 7: Why has RBI take this step?

answer: This step will further promote Digital India. When the checks are cleared so quickly, people will use digital payments as well as checks with confidence. This step has been taken to further strengthen the banking system.

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