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

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

The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...

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

Questions are emerging over the efficiency of the much touted cheque truncation system. It had been expected that with the new system in place, bank customers countywide would enjoy shorter cheque ...

The Saudi Central Bank has introduced an electronic cheque clearing service, allowing cheques to be cleared within one ...

“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 ...

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

The RBI has extended the deadline to implement the second phase of faster clearance of cheques. Hence, customers can continue ...

The Reserve Bank of India (RBI) has indefinitely postponed the January 3, 2026, rollout of Phase 2 for the Continuous ...

The Reserve Bank of India has postponed the second phase of the faster cheque clearing mechanism to allow banks more time to ...