In a circular issued on December 24, the RBI said the second phase of the Continuous Clearing and Settlement (CCS) framework ...

The Reserve Bank of India has postponed the second phase of the faster cheque clearing mechanism to allow banks more time to ...

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

RBI on Wednesday postponed phase 2 of its nationwide faster cheque clearance system, citing banks’ lack of operational ...

RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm ...

Lien marking reduces usable balance despite healthy account totalsECS debits and cut-off timings often trigger unexpected ...

RBI delays the second phase of the faster cheque clearance mechanism (CTS) to give banks more time to streamline operations.

The Reserve Bank has postponed the second phase of the faster cheque clearance mechanism to allow banks more time to streamline operations. Originally set for implementation on January 3, banks are ...

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

Phase 1 of the system, which was implemented earlier this year, will continue to operate as usual. The RBI further stated ...

The Reserve Bank of India (RBI) has deferred the implementation of Phase 2 of its faster cheque clearance framework, which ...