
Your Feedback Matters! How was this Answer?
NoBroker Cash Loans
✔
Max Funding✔
Lowest Interest Rates✔
Quick Sanction✔
Doorstep Assistance✔
No Hidden Charges
Get Cash Loan
Apply Now

Know your Borrowing Capacity
Check Eligibility

Compare Loans
Calculate Your EMI Now
A cheque sent to an individual will take two to three days for the SBI bank to clear and deposit into the recipient's account. However, the SBI cheque clearing time depends on whether it is a local, outstation, or high-value cheque. Typically, the process follows RBI’s cheque clearing guidelines, ensuring timely and secure transactions.
SBI Bank Cheque Clearing Time
SBI usually takes T+2 days to clear the local cheque. If both the issuing and receiving branches are in the same city and covered under the CTS (Cheque Truncation System). Sometimes, in this case, the cheque is cleared within 24 hours.
For outstation cheque clearance, the time taken is up to 7 working days.
For high-value cheques (above Rs2 lakhs), the minimum time taken is 2 working days, but may be prioritised depending on bank policy.
I hope you understand how much time it takes to clear cheque in SBI.
Get Loan Up to 10 Lakhs Instantly to Your Account with NB InstaCash
Read more
Your Feedback Matters! How was this Answer?
The time State Bank of India (SBI) takes to clear a cheque varies based on several factors. As per my experience, the process typically takes two to three working days, although the SBI cheque clearing time may take longer if the cheque or the account has errors.
NoBroker InstaCash Loan
Get upto Rs. 10 Lakhs Instantly in your Bank Account with hassle free auto repayment.

Instant approval and disbursement
Interest rate starting 12.99%
What is the cheque clearing time SBI?
You should be aware that cheques submitted at the bank branch's counters or put in the drop-box before the specified cut-off time will be submitted for clearance on the same day. For this, the clearance time shall be T+1 working day. Consider a scenario where a transaction occurs on a Tuesday. The settlement would thus need to happen by Wednesday in this scenario.
Moreover, for the cheques deposited after the mentioned deadline, the clearance period shall be T+2 working days. The clearance process goes as follows:
To confirm the authenticity, a cheque that is deposited in an SBI branch must first go through a verification process. This entails verifying the signature, and date as well as confirming the existence of the account and the availability of adequate funds. Depending on the workload of the branch and the effectiveness of the staff, the initial verification stage may take several hours or even a day.
The cheque is then sent for clearance. However, processing the cheque can take a few days, particularly if the account information is incorrect.
I hope you got an understanding of what is SBI check clearing time.
Get a home loan at the lowest interest via NoBroker.
Calculate your EMI on a home loan via the NoBroker EMI calculator.
Read more -How to Collect Bounced Cheque from Bank?
What is Post Dated Cheque Validity in India?
What is the Difference Between Banker Cheque and Demand Draft?
Your Feedback Matters! How was this Answer?
Leave an answer
You must login or register to add a new answer .
How Much Time It Takes To Clear Cheque In SBI?
Tina
54 Views
3
2 Year
2022-10-12T17:04:49+00:00 2023-09-13T20:37:33+00:00Comment
Share