Get Your Money Faster: New Cheque Rules | Get money on same day in your account

Old System: Cheques took 1-2 working days to clear.
· New System: Funds are credited within hours on the same day .
· How it Works: Cheques deposited between 10 AM and 4 PM are processed continuously, with hourly settlements .
· Two-Phase Rollout:
· Phase 1 (Oct 4, 2025 - Jan 2, 2026): Banks must confirm cheques by 7 PM for same-day settlement .
· Phase 2 (From Jan 3, 2026): The process gets even faster, with a tight 3-hour turnaround for confirmation .

✅ What You Need to Do:

· Ensure you have sufficient funds in your account to avoid instant bounces and penalties .
· Fill out cheques accurately with no overwriting. Make sure the amount in words and figures match perfectly .
· Use the Positive Pay System for enhanced security, especially for cheques above ₹50,000. It is mandatory for cheques above ₹5,00,000 .

💡 Benefits for You:

· Faster Access to Funds: Improved cash flow for individuals and businesses .
· Quick Confirmation: Know the status of your cheque on the same day .
· Nationwide Uniformity: A consistent and efficient clearing speed across India .

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