{"id":1133,"date":"2025-12-24T16:15:00","date_gmt":"2025-12-24T16:15:00","guid":{"rendered":"https:\/\/jbco.co.in\/?p=1133"},"modified":"2025-12-24T16:15:00","modified_gmt":"2025-12-24T16:15:00","slug":"continuous-clearing-and-settlement-on-realisation-in-cheque-truncation-system-phase-2","status":"publish","type":"post","link":"https:\/\/jbco.co.in\/?p=1133","title":{"rendered":"Continuous Clearing and Settlement on Realisation in Cheque Truncation System: Phase 2"},"content":{"rendered":"<table width=\"100%\" border=\"0\" align=\"center\" class=\"td\">\n<tr>\n<td>\n<p>RBI\/2025-26\/156<br \/>      CO.DPSS.RLPD.No.S1039\/04-07-001\/2025-2026<\/p>\n<p align=\"right\">December 24, 2025<\/p>\n<p>The Chairman \/ Managing Director \/ Chief Executive Officer of<br \/>      Banks participating in Cheque Truncation System \/<br \/>      National Payments Corporation of India<\/p>\n<p>Dear Sir \/ Madam,<\/p>\n<p class=\"head\">Continuous Clearing and Settlement on Realisation in Cheque Truncation System: Phase 2<\/p>\n<p>A reference is invited to the <a href=\"https:\/\/www.rbi.org.in\/scripts\/NotificationUser.aspx?Id=12891&amp;Mode=0\" target=\"_blank\" class=\"links\">circular CO.DPSS.RLPD.No.S536\/04-07-001\/2025-2026 dated August 13, 2025<\/a> on \u2018Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System\u2019. Phase 1 of the project was implemented on October 4, 2025.<\/p>\n<p>2. In partial modification to the above-mentioned circular, the following are advised:<\/p>\n<ol type=\"i\">\n<li>\n<p>Implementation of Phase 2 is being postponed, until further notice, to allow more time for banks to streamline their operations.<\/p>\n<\/li>\n<li>\n<p>The timing of the presentation session is modified to 09:00 AM to 03:00 PM and the timing of the confirmation session is modified to 09:00 AM to 07:00 PM.<\/p>\n<\/li>\n<\/ol>\n<p>3. This directive is issued under Section 10 (2) read with Section 18 of Payment and Settlement Systems Act, 2007 (Act 51 of 2007).<\/p>\n<p>Yours faithfully,<\/p>\n<p>(Saurabh Nath)<br \/>      Chief General Manager<\/p>\n<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>RBI\/2025-26\/156 CO.DPSS.RLPD.No.S1039\/04-07-001\/2025-2026 December 24, 2025 The Chairman \/ Managing Director \/ Chief Executive Officer of Banks participating in Cheque Truncation System \/ National Payments Corporation of India Dear Sir \/ Madam, Continuous Clearing and Settlement on Realisation in Cheque Truncation System: Phase 2 A reference is invited to the circular CO.DPSS.RLPD.No.S536\/04-07-001\/2025-2026 dated August 13, 2025 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1133","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/1133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1133"}],"version-history":[{"count":1,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/1133\/revisions"}],"predecessor-version":[{"id":1134,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/1133\/revisions\/1134"}],"wp:attachment":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}