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Banks to clear cheques on same day from October 4, says RBI

From October 4, cheques will be cleared within hours under RBI’s new settlement framework. Positive Pay will play a key role in securing transactions.

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Reserve Bank of India

From October 4, customers will no longer have to wait for two working days to get their cheques cleared. Under the Reserve Bank of India’s (RBI) new settlement framework, cheques deposited will now be processed and cleared within a few hours on the same day.

Private banks begin same-day clearance

Private lenders including HDFC Bank and ICICI Bank have confirmed that they will implement the updated system from October 4. Customers have been advised to maintain sufficient balances to avoid cheque bounce and ensure accurate filling of details to prevent delays or rejection.

Positive Pay for enhanced security

Banks are encouraging account holders to use the Positive Pay System (PPS) for added security. Customers need to submit cheque details—such as account number, cheque number, date, amount, and beneficiary name—at least 24 working hours in advance for cheques above Rs50,000.
For cheques above Rs5 lakh, Positive Pay has been made mandatory. If the details provided do not match, clearance will be rejected, and the drawer will need to resubmit.

Faster process through CTS

Currently, banks use the Cheque Truncation System (CTS), which electronically transmits scanned cheque images to the drawee bank. While this eliminated the need for physical transfer, clearance usually took up to two working days when deposited through drop boxes or ATMs. The RBI’s phased move to continuous clearing aims to speed up the system—Phase 1 begins on October 4, 2025, and Phase 2 is scheduled for January 3, 2026.

Customer guidelines to avoid rejection

To ensure smooth processing, customers must:

  • Fill cheque details correctly without overwriting.
  • Ensure the amount in words and figures match.
  • Use a valid date.
  • Match their signature with bank records.

Cheques validated under Positive Pay are also protected under the RBI’s dispute resolution system.

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Mayawati says Akash Anand needs more maturity, rules out major BSP role

BSP chief Mayawati says nephew Akash Anand needs greater political maturity before taking on a major responsibility in the party.

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Akash Anand

Bahujan Samaj Party (BSP) chief Mayawati on Thursday said her nephew Akash Anand needs to gain greater political maturity before he can be entrusted with any major responsibility in the party.

Addressing a national-level meeting of BSP office-bearers, Mayawati said she had allowed Akash Anand to continue working within the organisation but felt that he was not yet ready to handle a significant party responsibility.

“I have allowed Akash Anand to work in the party, which is before all of you, but Akash Anand still needs to become more mature. Till then, it would not be appropriate to give him a major responsibility in the party,” Mayawati said.

Mayawati also made it clear that Akash Anand, who is the BSP’s national coordinator, would continue working in the party. However, he will not be entrusted with any major responsibility for the time being.

Mayawati refers to Kanshi Ram’s principles

Explaining her position, Mayawati referred to the principles of BSP founder Kanshi Ram.

She said Kanshi Ram had permitted members of his family and other relatives to assist with party work, but was against giving them election tickets or positions after the party came to power.

Mayawati said she was also committed to following that principle. According to her, maintaining this approach was important to protect the BSP from tactics allegedly employed by political opponents during elections.

BSP to contest elections alone

During the meeting, Mayawati also announced a major political decision concerning the BSP’s electoral strategy.

She said the party had decided to contest all elections across the country on its own, irrespective of whether they were small or major elections.

Targeting the Congress, Mayawati described it as a “strongly anti-Dalit and anti-Ambedkar” party and said the BSP would therefore fight elections independently rather than depend on other parties.

The decision was announced as Mayawati reviewed the BSP’s organisational work and discussed shortcomings with party office-bearers.

She instructed leaders at different levels to implement the party’s annual organisational activities with complete honesty and dedication.

Mayawati attacks RSS over minority rights

Mayawati also criticised the Rashtriya Swayamsevak Sangh (RSS), referring to comments made by its chief Mohan Bhagwat during his recent visit to the United States.

Bhagwat had said that a Hindu who believes there should be no Muslims in Bharat would not remain a Hindu. He had also spoken about Hindu philosophy accepting that different faiths can lead to the same truth and emphasised the idea of unity in diversity.

Mayawati, however, said there was a significant difference between the RSS’s statements and its actions.

She argued that the organisation lacked credibility when it came to issues concerning the interests and welfare of the Bahujan Samaj, reservation as a constitutional right, and the safety, dignity and religious freedom of women, Muslims and other religious minorities.

She further said that despite its long existence, the RSS had not received the recognition and respect it sought.

Mayawati invokes Ambedkar’s Constitution

The BSP chief also challenged the RSS to demonstrate its commitment to the Constitution drafted under the leadership of Babasaheb Dr Bhimrao Ambedkar.

Mayawati said that if the RSS genuinely had faith in a humanitarian, welfare-oriented and egalitarian Constitution, it should follow its principles honestly and ensure that its members did the same.

BSP reiterates focus on Bahujan Samaj

At the national meeting, Mayawati reviewed the BSP’s organisational activities, assessed its shortcomings and gave directions to office-bearers regarding the party’s future work.

She reiterated that protecting the interests of the Bahujan Samaj and bringing exploited and deprived sections to political power remained the BSP’s central mission.

Mayawati maintained that achieving political power was necessary for the party to fulfil these objectives.

Her latest remarks on Akash Anand indicate that while her nephew will remain associated with the BSP and continue working for the organisation, he will not receive a major party responsibility until she believes he has attained the required political maturity.

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Abhinandan Varthaman retires from IAF, joins FLY91 as commercial pilot

Abhinandan Varthaman has taken premature retirement from the IAF after 22 years and reportedly joined Goa-based airline FLY91 as a commercial pilot.

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Indian Air Force fighter pilot Abhinandan Varthaman has taken premature retirement from the force after 22 years of service and has reportedly moved to commercial aviation.

The former Group Captain and Vir Chakra awardee has joined Goa-based regional airline FLY91 as a pilot, according to a report citing sources. The report said Varthaman joined the airline in August.

Varthaman has not made any public statement about the reported move. A spokesperson for FLY91 also declined to provide personal information about its employees, describing it as a private matter.

What is FLY91?

FLY91 is a regional airline based in Goa that began flight operations in March 2024. According to the report, the airline currently operates six ATR 72-600 aircraft and has bases in Goa and Hyderabad.

Abhinandan Varthaman’s 2019 aerial combat

Varthaman became widely known following the India-Pakistan aerial confrontation in February 2019.

After a suicide bombing in Pulwama killed 40 CRPF personnel, India carried out air strikes against a Jaish-e-Mohammad training camp in Balakot, according to the Indian government’s account.

The following day, the Pakistan Air Force launched a response, leading to an aerial engagement between the two sides. Varthaman, who was a Wing Commander at the time, was flying a MiG-21 when his aircraft was hit. He ejected and was subsequently captured by Pakistani forces.

According to the Indian government’s account and his Vir Chakra citation, Varthaman shot down a Pakistani F-16 during the aerial engagement before his own aircraft was hit. He was held in Pakistan for three days and was released on the night of March 1, 2019. He sustained injuries while ejecting from his MiG-21 Bison.

He was awarded the Vir Chakra, India’s third-highest wartime gallantry award, for his actions during the dogfight. The award was conferred in 2021. The award citation described him as displaying an “exceptional sense of duty”.

His reported transition to FLY91 marks a new phase in his aviation career, taking him from military fighter operations to commercial flying.

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Raghav Chadha marked as shifted in Punjab draft voter rolls, alleges AAP vendetta

Raghav Chadha has alleged political vendetta after his name was marked “shifted” in Punjab’s draft electoral rolls during the SIR exercise.

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Raghav Chadha

BJP Rajya Sabha MP Raghav Chadha has raised questions after his name was marked as “shifted” in Punjab’s draft electoral rolls prepared during the Special Intensive Revision (SIR) of voter lists.

Chadha, who remains a Rajya Sabha member from Punjab and has his voter registration in Mohali, alleged that the classification was not a routine clerical error and accused the Aam Aadmi Party-led Punjab government of political vendetta.

The electoral rolls currently under discussion are draft lists, with the final rolls scheduled to be published in October 2026.

Raghav Chadha questions voter list classification

Chadha said he was surprised to find his name classified as “shifted” despite being a sitting MP from Punjab.

He questioned how such a classification was made and pointed to the involvement of officials at different stages of the electoral roll revision process. According to Chadha, Booth Level Officers, Assistant Electoral Registration Officers, Electoral Registration Officers and District Election Officers are part of the process.

He alleged that these officials could potentially face political pressure because their transfers and postings are controlled by the state government.

Chadha also referred to Paragraph 4(d) of the Election Commission of India’s SIR guidelines. He said the provision requires public representatives, including MPs and MLAs, whose names are flagged in the electoral database to be included in the draft rolls so that they can participate in the claims and objections process.

He alleged that this provision was not followed in his case.

Punjab CEO seeks report on Chadha’s voter status

Punjab Chief Electoral Officer Anindita Mitra told that she was not aware of any deletion of Chadha’s name from the electoral rolls.

She said a detailed report would be sought from the district election authorities to determine whether his name had actually been deleted and, if so, the reason for the action.

Mitra also pointed out that the claims and objections process is currently underway. September 13 is the deadline for filing appeals over changes or discrepancies in the electoral rolls.

AAP rejects political vendetta allegation

The controversy has also drawn a response from the Aam Aadmi Party.

AAP leader Neel Garg rejected Chadha’s allegation, saying the party had no interest in deleting the vote of any individual. He instead alleged that the issue was being raised by the BJP and referred to the SIR exercises in Bihar and West Bengal.

Chadha joined the BJP in April 2026 along with six other AAP Rajya Sabha MPs.

The dispute comes as Punjab’s electoral rolls undergo revision ahead of the 2027 Assembly elections. Since the claims and objections process is still open, the status of Chadha’s name is subject to the ongoing electoral process.

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