The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...

The Reserve Bank of India (RBI) has deferred the implementation of Phase 2 of its faster cheque clearance framework, which was scheduled to come into effect from 3 January 2026. In a circular issued ...

The RBI has extended the deadline to implement the second phase of faster clearance of cheques. Hence, customers can continue ...

Despite postponing Phase 2, the Reserve Bank of India (RBI) has revised the daily operating hours under the Cheque Truncation ...

The Reserve Bank of India (RBI) has postponed the rollout of Phase 2 of its faster cheque clearance framework, which was scheduled to come into effect from January 3, 2026. The central bank said the ...

The Reserve Bank of India (RBI) on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to provide more time to banks to streamline their operations. The ...

Central bank postpones three hour approval rule to give banks more time as revised cheque presentation and confirmation hours ...

Mumbai, Dec 24 (PTI) The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to provide more time to banks to streamline their operations.

The Reserve Bank has delayed the rollout of the second phase of the faster cheque clearance system. This decision gives banks additional time to adjust their operations. Initially, banks were expected ...