{"id":2003,"date":"2025-08-20T12:12:24","date_gmt":"2025-08-20T12:12:24","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=2003"},"modified":"2025-08-20T12:12:25","modified_gmt":"2025-08-20T12:12:25","slug":"rbi-notification-73-2025-dated-13-08-2025-introduction-of-continuous-clearing-and-settlement-on-realisation-in-cheque-truncation-system","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/08\/20\/rbi-notification-73-2025-dated-13-08-2025-introduction-of-continuous-clearing-and-settlement-on-realisation-in-cheque-truncation-system\/","title":{"rendered":"RBI Notification 73\/2025 Dated 13\/08\/2025 – Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System\u00a0"},"content":{"rendered":"\n

RBI has announced a transition for the Cheque Truncation System (CTS)\u00a0<\/strong>from its current batch processing model to a new \u201ccontinuous clearing with settlement on realisation\u201d system, to be implemented in two phases. Under the new system, there will be a single, continuous presentation session from 10:00 AM to 4:00 PM, during which banks will send scanned cheque images to the clearing house. Drawee banks will then have a continuous confirmation session from 10:00 AM to 7:00 PM to process and confirm or dishonour cheques. The new rules specify an \u201cItem Expiry Time\u201d for each cheque, i.e. if confirmation is not provided by the drawee bank within this time, the cheque will be considered approved. Settlement will now occur hourly, from 11:00 AM onwards, based on positive confirmations. Presenting banks are then required to release funds to customers within one hour of successful settlement.\u00a0<\/p>\n\n\n\n

(Link: RBI Notification 73\/2025 Dated 13\/08\/2025)<\/em><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

RBI has announced a transition for the Cheque Truncation System (CTS)\u00a0from its current batch processing model to a new \u201ccontinuous […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[72,76],"tags":[],"class_list":["post-2003","post","type-post","status-publish","format-standard","hentry","category-rbi","category-notifications-rbi"],"yoast_head":"\nRBI Notification 73\/2025 Dated 13\/08\/2025 - Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System\u00a0 - Bhatia Bhola & Associates LLP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/08\/20\/rbi-notification-73-2025-dated-13-08-2025-introduction-of-continuous-clearing-and-settlement-on-realisation-in-cheque-truncation-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI Notification 73\/2025 Dated 13\/08\/2025 - Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System\u00a0 - Bhatia Bhola & Associates LLP\" \/>\n<meta property=\"og:description\" content=\"RBI has announced a transition for the Cheque Truncation System (CTS)\u00a0from its current batch processing model to a new \u201ccontinuous […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/08\/20\/rbi-notification-73-2025-dated-13-08-2025-introduction-of-continuous-clearing-and-settlement-on-realisation-in-cheque-truncation-system\/\" \/>\n<meta property=\"og:site_name\" content=\"Bhatia Bhola & Associates LLP\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-20T12:12:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-20T12:12:25+00:00\" \/>\n<meta name=\"author\" content=\"Yash Bhola\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yash Bhola\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/08\/20\/rbi-notification-73-2025-dated-13-08-2025-introduction-of-continuous-clearing-and-settlement-on-realisation-in-cheque-truncation-system\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/08\/20\/rbi-notification-73-2025-dated-13-08-2025-introduction-of-continuous-clearing-and-settlement-on-realisation-in-cheque-truncation-system\/\"},\"author\":{\"name\":\"Yash Bhola\",\"@id\":\"https:\/\/bhatiabhola.com\/#\/schema\/person\/5c941d1613f06d46d7c656c473e8249c\"},\"headline\":\"RBI Notification 73\/2025 Dated 13\/08\/2025 – Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System\u00a0\",\"datePublished\":\"2025-08-20T12:12:24+00:00\",\"dateModified\":\"2025-08-20T12:12:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/08\/20\/rbi-notification-73-2025-dated-13-08-2025-introduction-of-continuous-clearing-and-settlement-on-realisation-in-cheque-truncation-system\/\"},\"wordCount\":160,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/bhatiabhola.com\/#organization\"},\"articleSection\":[\"RBI\",\"RBI Notifications\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/08\/20\/rbi-notification-73-2025-dated-13-08-2025-introduction-of-continuous-clearing-and-settlement-on-realisation-in-cheque-truncation-system\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/08\/20\/rbi-notification-73-2025-dated-13-08-2025-introduction-of-continuous-clearing-and-settlement-on-realisation-in-cheque-truncation-system\/\",\"url\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/08\/20\/rbi-notification-73-2025-dated-13-08-2025-introduction-of-continuous-clearing-and-settlement-on-realisation-in-cheque-truncation-system\/\",\"name\":\"RBI Notification 73\/2025 Dated 13\/08\/2025 - 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