In CTS, banks use scanned copies of cheques for settlement instead of the physical copy making the clearing process partially electronic Clearing of bank cheques is set to become faster. In its sixth ...

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

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 ...

The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, PTI reported. This will reduce the current time period of up to two working ...

Same Day Cheque Clearing Rule: Aligning with the Reserve Bank of India’s (RBI) new guidelines on quick clearing and settlement of cheques, HDFC Bank has announced that starting October 4, 2025, ...

In a bid to speed up the cheque processing time from the current T+1 settlement period, RBI has announced that starting October 1, 2025, cheque handling will move away from the existing batch clearing ...

The RBI Governor Shaktikanta Das proposed to transition CTS from the current approach of batch processing to continuous clearing. Soon, the cheques you deposit with your bank branches will be cleared ...

In a welcome step, the Reserve Bank of India (RBI) has made a major change in the process of clearing checks. From October 4, 2025, checks will now be paid in a few hours, whereas it used to take a ...

Reserve Bank of India postpones Phase 2 of faster cheque clearance under CCS, revises cheque processing hours. Phase 1 ...

Manama, Kingdom of Bahrain - 3 rd August 2009 -The Central Bank of Bahrain (CBB) is pleased to announce the introduction of a uniform set of cheque standards and specifications for designing and ...