By Tuhin Patel

Copyright republicworld

Starting tomorrow, October 4, 2025, the Reserve Bank of India (RBI) is launching a faster, more efficient way to clear cheques across the country. If you’ve ever deposited a cheque and found yourself waiting anxiously for the funds to appear in your account, this change is set to make your banking experience quicker and smoother. Let’s dive into what this means for regular people like you and me, in plain and simple language.Currently, when you deposit a cheque, it goes through the Cheque Truncation System (CTS). This process involves scanning the cheque and handling it in batches, which can take up to two working days. That means you might wait until the next day (known as T+1) to access your money. For urgent needs like paying bills or covering unexpected expenses, this delay can be a hassle.The RBI is introducing a system called “Continuous Clearing and Settlement on Realisation.” Instead of processing cheques in large batches, banks will now handle them continuously throughout the day. Once you deposit a cheque, it’s scanned and sent to the clearing house right away during business hours. This means your funds could be available in just a few hours, not days. Think of it as switching from slow, regular post to a super-fast courier service for your cheque payments.To ensure everything runs without hiccups, the RBI is rolling out this system in two phases:This new system brings several benefits for everyday banking customers:While the system is designed to be seamless, here are a few things to keep in mind:Double-check cheque details (like the amount and payee name) to avoid errors.Monitor your bank’s app or notifications for updates on your cheque’s status.If you use cheques often, talk to your bank to understand how they’re implementing this change.The RBI’s move to continuous clearing is a big leap toward faster, more reliable banking. It reduces delays, lowers the risk of payment issues, and puts your convenience first. For frequent cheque users, this is a change that promises to make managing your finances easier and more efficient.