MUMBAI, India, Dec. 24 -- Reserve Bank of India issued the following notification:
RBI/2025-26/156
CO.DPSS.RLPD.No.S1039/04-07-001/2025-2026
December 24, 2025
The Chairman / Managing Director / Chief Executive Officer of
Banks participating in Cheque Truncation System /
National Payments Corporation of India
Dear Sir / Madam,
Continuous Clearing and Settlement on Realisation in Cheque Truncation System: Phase 2
A reference is invited to the circular CO.DPSS.RLPD.No.S536/04-07-001/2025-2026 dated August 13, 2025 on 'Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System'. Phase 1 of the project was implemented on October 4, 2025.
2. In partial modification to the above-mentioned circular, the ...