What’s inside:
This article explains the new check clearance process that will speed up transactions in India, starting from October 4, 2025.
Starting from October 4, 2025, if you deposit a check at the bank, it will be cleared on the same day. This new rule is introduced by the Reserve Bank of India to make banking faster and more efficient.
Currently, it takes 1 to 2 days to clear a check. The process involves scanning the check and then waiting for clearance. With the new system, banks will scan checks throughout the day and send them directly to the clearing house, speeding up the entire process.
From October 4, banks will accept check submissions between 10 am and 4 pm. If you submit your check within this time frame, it will be cleared on the same day. Just ensure you deposit your check on time for quick processing.
It is important to know that for checks over ₹50,000, you must use positive pay. This means you need to give the bank details like the check number and amount beforehand. If you don’t use positive pay for checks over ₹5 lakhs, your check may get rejected.
Make sure your check has the correct details: the date should be valid, the amount in numbers and words should match, and avoid any overwriting or changes. This will help ensure that your check is cleared without any issues.
Summary:
- Check clearance will happen on the same day after October 4, 2025.
- Banks will accept check submissions from 10 am to 4 pm.
- Positive pay is mandatory for checks over ₹50,000.
- Checks over ₹5 lakhs without positive pay may be rejected.
- Ensure all details on the check are correct to avoid issues.
