MUMBAI, India, Sept. 26 -- Reserve Bank of India issued the following notification:
RBI/2025-26/81
CO.DPSS.RLPD.No.S680/04-07-001/2025-2026
September 26, 2025
The Chairman / Managing Director / Chief Executive Officer
of Banks participating in Cheque Truncation System/
National Payments Corporation of India
Madam / Dear Sir,
Special Clearing in Cheque Truncation System on October 3, 2025
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' wherein it has been advised that phase 1 shall be implemented on October 4, 2025.
2. To facilitate transition to continuous clearing, it has bee...