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The Reserve Bank of India (RBI) has decided on the transition of the Cheque Truncation System (CTS) from the current approach of batch processing to continuous clearing with settlement on realisation in two phases. Phase 1 will be implemented on October 4, 2025 and Phase 2 on January 3, 2026, the banking sector regulator said.
All banks have been advised to make their customers adequately aware of the changes in the cheque clearing process. Banks have also been advised to be in readiness to participate in continuous clearing in CTS on the above dates.
There will be a single presentation session from 10:00 AM to 4:00 PM and cheques received by the branches will be scanned and sent to the clearing house by the banks immediately and continuously during the presentation session.
The clearing house will in turn release the cheque images to drawee banks on a continuous basis. The confirmation session will start at 10:00 AM and close at 7:00 PM and for every cheque presented, the drawee bank will generate either positive confirmation (for honoured cheques) or negative confirmation (for dishonoured cheques).
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