ICICI Bank has announced a major change to its cheque settlement process, aimed at reducing delays and improving customer convenience. From October 4, cheques submitted across the bank branches will be cleared and credited to accounts within one working day, according to the bank's official website. The action is consistent with the Reserve Bank of India's (RBI) new cheque clearing system, which aims to expedite settlements. Additionally, ICICI Bank has emphasised the significance of its Positive Pay feature, which gives high-value cheques an additional degree of security. Customers are advised to ensure all cheque details are accurate to avoid rejection.