RBI Introduces Same-Day Cheque Clearance: HDFC and ICICI Banks to Implement Starting October 4

Oct 03, 2025 01:15 pm CST

Private banks including HDFC and ICICI will implement same-day cheque clearance from October 4 following RBI's updated settlement framework. Deposited cheques will be cleared within hours, with customers advised to use the Positive Pay System for enhanced security and maintain sufficient account balances to prevent bounces.