diff --git a/CHANGELOG.md b/CHANGELOG.md
index 231e9f1da6..6766851963 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,12 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/).
 
 ## [Unreleased]
 
+### Changed
+
+- Bounties: Remove payout delay ([polkadot-fellows/runtimes#386](https://github.com/polkadot-fellows/runtimes/pull/386))
+
+## [1.2.8] 03.07.2024
+
 ### Added
 
 #### From [#322](https://github.com/polkadot-fellows/runtimes/pull/322):
diff --git a/relay/kusama/src/lib.rs b/relay/kusama/src/lib.rs
index a12e731104..98a6447987 100644
--- a/relay/kusama/src/lib.rs
+++ b/relay/kusama/src/lib.rs
@@ -775,7 +775,7 @@ impl pallet_treasury::Config for Runtime {
 
 parameter_types! {
 	pub const BountyDepositBase: Balance = 100 * CENTS;
-	pub const BountyDepositPayoutDelay: BlockNumber = 4 * DAYS;
+	pub const BountyDepositPayoutDelay: BlockNumber = 0;
 	pub const BountyUpdatePeriod: BlockNumber = 90 * DAYS;
 	pub const MaximumReasonLength: u32 = 16384;
 	pub const CuratorDepositMultiplier: Permill = Permill::from_percent(50);
diff --git a/relay/polkadot/src/lib.rs b/relay/polkadot/src/lib.rs
index fd36be70e1..cf6ad4efcd 100644
--- a/relay/polkadot/src/lib.rs
+++ b/relay/polkadot/src/lib.rs
@@ -889,7 +889,7 @@ impl pallet_treasury::Config for Runtime {
 
 parameter_types! {
 	pub const BountyDepositBase: Balance = DOLLARS;
-	pub const BountyDepositPayoutDelay: BlockNumber = 8 * DAYS;
+	pub const BountyDepositPayoutDelay: BlockNumber = 0;
 	pub const BountyUpdatePeriod: BlockNumber = 90 * DAYS;
 	pub const MaximumReasonLength: u32 = 16384;
 	pub const CuratorDepositMultiplier: Permill = Permill::from_percent(50);