From Traditional CTS to CCSR: How RBI is Transforming Cheque Clearing in India
The Reserve Bank of India (RBI), vide its circular CO.DPSS.RLPD.No.S536/04-07-001/2025-2026 dated August 13, 2025, introduced the framework for Continuous Clearing and Settlement on Realisation (CCSR) in the Cheque Truncation System (CTS). Phase 1 of this initiative was implemented with effect from October 4, 2025. Subsequently, on Wednesday (24.12.2025) RBI issued a partial modification to the…









