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 ...

RBI Cheque Clearing Rules: The RBI introduced this new system with the goal of ensuring that Cheques are cleared within hours after being deposited in the bank, and funds are deposited into accounts ...

Central bank postpones three hour approval rule to give banks more time as revised cheque presentation and confirmation hours ...

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

The Reserve Bank of India (RBI) has postponed the January 3, 2026 deadline for implementing faster cheque clearance under its Continuous Clearing and Settlement on Realisation (CCSR) initiative in the ...

Starting October 1, several changes are slated to kick in, involving government departments, banks, and even some of the regulatory bodies in India. The changes include NPS pension rules, banking ...

The RBI has extended the deadline to implement the second phase of faster clearance of cheques. Hence, customers can continue to keep using the present Phase 1 process. The three-hour deadline for ...

ICICI Bank has announced a big change in its cheque processing to make banking faster and easier for customers. Starting October 4, cheques submitted at any branch will be cleared and credited to ...

MUMBAI, India--(BUSINESS WIRE)--NCR Corporation (NYSE: NCR) and National Payments Corporation of India (NPCI) announced today the successful completion of the landmark Cheque Truncation System (CTS) ...