RBI clarified how cheque truncation and continuous clearing speed up settlements by using electronic images instead of physical cheques. The FAQs outline timelines, safeguards, and customer ...

In a circular issued on December 24, the RBI said the second phase of the Continuous Clearing and Settlement (CCS) framework has been postponed, while Phase 1 will continue to operate as currently ...

The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques will be ...

Mumbai: The continuous cheque clearing system that came into effect earlier this month was meant to clear cheques within hours. This was to be achieved by banks scanning and sending images of ...

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

The RBI’s move to implement a continuous cheque clearing and settlement system has run into early hiccups, leaving bank customers waiting for more than two days for their cheques to be cleared, ...

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

NEW DELHI: (Oct 23) The National Payments Corporation of India (NPCI) on Thursday said that some teething issues persist in the continuous cheque clearing system. On October 4, 2025, the Reserve Bank ...

The Reserve Bank of India (RBI) on Wednesday announced the postponement of phase 2 of its nationwide faster cheque clearance system, citing operational readiness issues in some banks during phase 1.