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India's RBI introduces faster cheque clearing system, aiming for hour-long processing by October.
The Reserve Bank of India (RBI) is implementing a new cheque clearing system starting October 4, 2025, aiming to clear cheques within hours instead of up to two working days.
The Cheque Truncation System (CTS) will transition to a continuous clearing and settlement model, enhancing efficiency and customer experience.
Phase 1 begins on October 4, with Phase 2 starting January 3, 2026, enforcing stricter confirmation timelines for cheque processing.
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El RBI de la India introduce un sistema de liquidación de cheques más rápido, con el objetivo de procesarlo durante una hora en octubre.