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National News

The Times of India News

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Faster cheque clearance gets delayed; banks not ready: RBI

The Reserve Bank of India has delayed the second phase of its faster cheque clearance system, originally set for January 3rd. This decision comes after some banks experienced operational difficulties during the initial phase. The postponed phase aims to clear cheques within three hours of realization, significantly reducing settlement times for customers.

25 Dec 2025 7:49 am