The cheque user will be able to get their cheques cleared on any day, even on a holiday. However, this change will affect people who are in the habit of clearing their cheques on a working day. Such people will need to adjust their operations as cheques signed by them can be cleared on a non-working day too. Also read PF rule change news: Follow the new rule or you will not get EPF money from next monthSo, if your cheque is getting processed faster and if it bounces, in such cases, you will have to pay a fine or penalty. But, the new rule by the RBI is a major shift in banking processes.

Source: dna August 09, 2021 03:55 UTC