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

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 time banks take to clear a cheque is at last to become the subject of a major investigation. Delays in the processing system mean most cheques take four days to clear. Some take up to a week. This ...

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

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

The Reserve Bank of India (RBI) has postponed the second phase of its faster cheque clearing mechanism to allow banks more time to streamline operations. Originally scheduled for January 3, Phase 2 ...

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

Industry-wide moves to "put cheques firmly in the 21st century" - with new technology enabling them to clear by the next day - will start in October. A new system will enable images of cheques to be ...