RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm ...
The Reserve Bank of India has postponed the second phase of the faster cheque clearing mechanism to allow banks more time to ...
In a circular issued on December 24, the RBI said the second phase of the Continuous Clearing and Settlement (CCS) framework ...
RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...
Press Trust of India on MSN
RBI postpones 2nd phase of quicker cheque clearing mechanism
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 ...
The RBI has extended the deadline to implement the second phase of faster clearance of cheques. Hence, customers can continue ...
The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...
RBI delays the second phase of the faster cheque clearance mechanism (CTS) to give banks more time to streamline operations.
Cheque volumes in the UK may have dropped from four billion in 1990 to 644 million in 2014, however the introduction of the Future Clearing Model will modernise the payment method, with banks using ...
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