look news india
Bank cheque clearing within few hours: RBI Governor Shaktikanta Das announced some important provisions after the completion of the monetary policy of the Reserve Bank of India. In which a scheme related to check payment was also mentioned.
RBI has announced the launch of a new cheque clearing system. Regarding this, Shaktikanta Das said that now they are working on clearing cheque payments in a few hours. Currently, it takes two days for a cheque to be cleared. But now you will not have to wait any longer for cheque payments.
Governor Das has designed this new system to streamline the cheque-clearing process, address the problem of delays in fund transfers and improve efficient transactions.
What impact does it have on the audience?
This service will greatly benefit employers, especially businessmen and working people. Often, at the time of urgent need of money, one worries about his cheque getting stuck in clearing. This new system will eliminate this worry. The payment will be credited to the account quickly. Which can also prove beneficial for financial planning.
