The RBI announced on Wednesday the introduction of continuous clearing and settlement of cheques, dropping the current approach of batch processing. Under the new system, the clearing cycle will be ...

The Reserve Bank of India (RBI) on Wednesday said it has postponed the rollout of Phase 2 of the cheque clearing system until further notice, giving banks additional time to streamline their ...

India’s banking system has taken a major technological leap with the rollout of the new continuous cheque settlement system—a reform designed to make cheque clearing faster and more efficient. However ...

The RBI’s move to implement a continuous cheque clearing and settlement system has run into early hiccups, leaving bank customers waiting for more than two days for their cheques to be cleared, ...

The National Payments Corporation of India (NPCI) on Thursday said that some teething issues persist in the continuous cheque clearing system. On October 4, 2025, the Reserve Bank of India introduced ...

The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques will be ...

Mumbai: The continuous cheque clearing system that came into effect earlier this month was meant to clear cheques within hours. This was to be achieved by banks scanning and sending images of ...