RBI permits transition to steady clearing of cheques

The Reserve Financial institution of India (RBI) has selected the transition of the Cheque Truncation System (CTS) from the present strategy of batch processing to steady clearing with settlement on realisation in two phases. Part 1 can be applied on October 4, 2025 and Part 2 on January 3, 2026, the banking sector regulator stated.  All banks have been suggested to make their clients adequately conscious of the adjustments within the cheque clearing course of. Banks have additionally been suggested to be in readiness to take part in steady clearing in CTS on the above dates.

There can be a single presentation session from 10:00 AM to 4:00 PM and cheques obtained by the branches can be scanned and despatched to the clearing home by the banks instantly and constantly through the presentation session. The clearing home will in flip launch the cheque pictures to drawee banks on a steady foundation. The affirmation session will begin at 10:00 AM and shut at 7:00 PM and for each cheque offered, the drawee financial institution will generate both constructive affirmation (for honoured cheques) or detrimental affirmation (for dishonoured cheques).