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The Reserve Bank of India (RBI) came out with a new set of rules at the beginning of August regarding changes to the banking rules. One such change affects people who depend on cheques, specifically their cheque books. With the new change, the central bank has put it forth that the National Automated Clearing House (NACH) will be operational 24 hours a day. This change will be implemented in all national and private banks. With that said, the new change will benefit the cheque user more as issued cheques can be cleared even on a holiday.
