RBI delays the second phase of the faster cheque clearance mechanism (CTS) to give banks more time to streamline operations.
RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm ...
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 has postponed the second phase of the faster cheque clearing mechanism to allow banks more time to ...
Reserve Bank of India postpones Phase 2 of faster cheque clearance under CCS, revises cheque processing hours. Phase 1 ...
MUMBAI: The Reserve Bank (RBI) has deferred the rollout of the phase 2 of its faster cheque clearance framework, which was scheduled to be effect January 3, 202 ...
The Reserve Bank has postponed the second phase of the faster cheque clearance mechanism to allow banks more time to streamline operations. Originally set for implementation on January 3, banks are ...
The second phase of the 'Continuous Clearing and Settlement on Realisation in Cheque Truncation System' was to be implemented by banks from Jan. 3.
RBI postpones cheque clearance rule: The Reserve Bank of India (RBI) has postponed Phase 2 of its check clearance expediting scheme. The scheme was scheduled to begin on January 3, 2026. Under this ...
In the second phase, the banks are required to clear cheques within three hours of realisation in the cheque truncation ...
The RBI has extended the deadline to implement the second phase of faster clearance of cheques. Hence, customers can continue ...
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