RBI delays Phase 2 implementation of Cheque Truncation System to give banks more time to streamline operations.

The Reserve Bank of India (RBI) has postponed the January 3, 2026 deadline for implementing faster cheque clearance under its ...

There has been a spate of ads and announcements over the last 3-4 weeks by banks in India about the introduction of the new Cheque Truncation System, CTS-2010, from the new year. For the uninitiated, ...

Phase 2, which was planned to start from January 3, 2026, was meant to make cheque clearance even faster. Banks would have ...

RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...

In a circular issued on December 24, the RBI said the second phase of the Continuous Clearing and Settlement (CCS) framework ...

The Reserve Bank of India (RBI) announced plans to cut bank cheque clearing times to just a few hours. RBI Governor Shaktikanta Das revealed the neew continuous 'on-realisation-settlement' mechanism ...

Indian customers using cheques that are not compliant with Cheque Truncation System (CTS), an online image-based cheque clearing facility, will face delay in clearance from now on, an industry source ...

RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm ...

“To facilitate transition to continuous clearing, it has been decided to modify session timings and conduct special clearing in the cheque truncation system (CTS) on October 3,” RBI said. MUMBAI: The ...

The Reserve Bank of India (RBI) will implement a new mechanism for cheque clearance starting October 4, 2025, allowing cheques to be cleared within hours of being presented, instead of the current ...

(MENAFN- IANS) Mumbai, Aug 8 (IANS) The RBI aims to reduce the clearing time required for bank cheques to a few hours as part of a major step to facilitate the ease of doing business in the country, ...