MUMBAI, India, Aug. 13 -- Reserve Bank of India issued the following notification:
RBI/2025-26/73
CO.DPSS.RLPD.No.S536/04-07-001/2025-2026
August 13, 2025
The Chairman / Managing Director / Chief Executive Officer of
Banks participating in Cheque Truncation System/
National Payment Corporation of India
Dear Sir / Madam,
Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System
Please refer to the Statement on Developmental and Regulatory Policies dated August 8, 2024, announcing the transition of Cheque Truncation System (CTS) from the current approach of batch processing to continuous clearing with settlement on realisation.
2. It has been decided to transition CTS to continuous clearing and s...