RBI Postpones Faster Cheque Clearing Phase 2 Deadline, Revises Timings

The RBI has postponed the January 3, 2026, deadline for Phase 2 of faster cheque clearance, which aimed for a three-hour processing window. This deferment allows banks more time to streamline operations. Phase 1 continues, and new presentation and confirmation timings have been issued.

• RBI defers January 3, 2026, deadline for Phase 2 of faster cheque clearance.
• Phase 2 aimed for cheque clearance within three hours of presentation.
• Postponement is 'until further notice' for banks to streamline operations.
• Phase 1 of continuous clearing, effective since Oct 4, 2025, continues.
• RBI revised cheque presentation hours to 9 am-3 pm and confirmation to 9 am-7 pm.

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