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

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 ...

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

The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to ...

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

India's cheque clearing system is set for a major overhaul from October 4, transitioning to a continuous, near real-time process. This significant change will drastically reduce fund transfer times ...

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

The second phase of the 'Continuous Clearing and Settlement on Realisation in Cheque Truncation System' was to be implemented by banks from Jan. 3.

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

RBI on Wednesday postponed phase 2 of its nationwide faster cheque clearance system, citing banks’ lack of operational ...

An image-based cheque-clearing system will be introduced later this year that will cut the time it takes for money to reach your account from up to six working days to the next weekday. The new system ...