RBI Postpones Phase 2 Cheque Clearing, Modifies Presentation And Confirmation Hours

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

Cheque Deposited? Faster 3-Hour Clearance Still Missing, RBI Decision May Delay Fund Access; Here’s Why

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

State Bank of India introduces multi-city cheques facility

State Bank of India (SBI), country's largest public sector, lender has introduced multi-city cheques with a limit of Rs 5 lakh for personal banking customers. It is taking this initiative to retain ...

RBI delays January 3 rollout for 3-hour cheque clearance: What it means

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

Faster cheque clearance gets delayed; banks not ready: RBI

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

RBI to Introduce same day cheque credit system from October 4; within 3 hours from January 3, 2026

In Phase 1, starting from October 4, there will be a single cheque presentation session between 10 am to 4 pm during which banks will scan and send cheques to the clearing house continuously. The ...
Zawya

Non-CTS cheques will face clearance delay in India

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 ...
Newspoint on MSN

RBI defers 3-hour cheque clearance rule: What the delay means for banks and customers

The Reserve Bank of India (RBI) has postponed the implementation of its proposed three-hour cheque clearance rule, offering ...