🏦
Banking
🔴 High
RBI Postpones Phase-II of Cheque Truncation System
📅 Published 26 Dec 2025 · December 2025
RBI Postpones Phase-II of Cheque Truncation System
Postponed from Jan 3, 2026, indefinitely.
Reason: Operational streamlining.
Revised hours: 9 am–3 pm for presentation, 9 am–7 pm for confirmation/rejection.
Goal: Reduce cheque settlement time to T+3 hours.
📝 Relevant Exams:
UPSC