The Reserve Bank of India vide notification no. RBI/2025-26/73 CO.DPSS.RLPD.No.S536/04-07-001/2025-2026,introduce a new mechanism for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. The phase 1 shall be implemented on 04th October 2025 and Phase 2 on 03rd January 2026. Please refer the notification for more details.