The new system, featuring hourly settlements and auto-approvals, promises nationwide uniformity and quicker access to money, greatly enhancing convenience for all customers by allowing the process to ...

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 ...

For expeditious clearance of cheques, the RBI has announced measure on Continuous Clearing of Cheques under Cheque Truncation System (CTS). Once implemented cheques would be cleared within hours of ...

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 ...

During 2024-25, the RBI had added 54.13 metric tonnes of gold. The Reserve Bank of India has introduced real-time clearing of cheques. However, technology integration glitches, inadequate training of ...

The Reserve Bank of India (RBI) has decided on the transition of the Cheque Truncation System (CTS) from the current approach of batch processing to continuous clearing with settlement on realisation ...

The RBI has decided to transition the Cheque Truncation System (CTS) to “continuous clearing with on-realisation settlement” in two phases, with the first phase beginning on October 4, 2025 and the ...