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, ...
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Your Cheques To Be Cleared By Banks Within Hours From 4 October 2025: Check RBI Latest Rules
New Delhi: The Reserve Bank Of India (RBI) has issued notification on Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System, thus allowing for your cheques to ...
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 ...
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 ...
RBI's new rule to expedite cheque clearing in banks. (Image: PTI) The Reserve Bank of India (RBI) has decided to put in place a new system to clear cheques, reducing the clearing time from 2-3 days to ...
ICICI Bank confirmed it will introduce same-day cheque processing from 4 October 2025, provided deposits are made within the designated branch cut-off periods. This adjustment directly follows the ...
“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 ...
Here comes a piece of good news for bank customers. The RBI says banks will clear cheques within few hours from October 4. The central bank said it will introduce a new mechanism from October 4 for ...
Mumbai: 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 ...
The Reserve Bank of India (RBI) has postponed the implementation of Phase 2 of Continuous Clearing and Settlement on Realisation in Cheque Truncation System (CTS) until further notice. The central ...
RBI Monetary Policy: During the MPC today, RBI Governor Shaktikanta Das proposed a new initiative to reduce the cheque-clearing time from up to two days to a few hours. During the MPC today, RBI ...
To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer experience, the RBI has decided to transition CTS from the current approach of batch ...
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