The Reserve Bank of India is set to launch a faster cheque clearance system on October 4, 2025. This new system will significantly reduce the cheque processing time. Cheques will be cleared within hours of presentation. The current T+1 day cycle will be shortened. Banks must confirm cheques quickly, or they will be automatically approved. Post navigation Currency watch: Rupee climbs 16 paise to 87.47 against US dollar, crude slide and Fed cut hopes lift sentiment Treasury bills vs fixed deposits: T-bills via SIP gain traction, but FDs still top for 1-year returns
