The Reserve Bank of India (RBI) has issued new guidelines for sharp check clearance under the Czech Training System (CTS). The check under CTS will not have a physical transaction, but this entire process will be based on image and electronic signal. The purpose of this change is to make check processing worth continuously and ensure real-time settlement.
Single presentation window throughout the day
The banks will immediately send a check image and magnetic ink character recognition (MICR) data from 10 am to 4 pm to 4 pm to 4 pm. The clearing house will send them to the bank (Drawi Bank) paying them throughout the day. This will stop the check in the physical way and the bank’s expenses will also be saved. Currently CTS works in batch-processing mode.
Constant checking and confirmation
When you get an image of draw bank check, it will have to take action immediately. The Confirmation window will be from 10 am to 7 pm. Each check will be associated with an ‘expiry time’. Banks will process it in real-time and send information to the clearing house immediately.
Rollout in two stages
Phase 1 (4 October – 2 January 2026): All checks will have to confirm by 7 pm. If not, the check will automatically become approved and settle.
Phase 2 (from 3 January): The bank will have only three hours. For example, the check coming between 10 am and 11 pm will have to be confirmed by 2 pm. If there is no confirmation in three hours, the check will be assumed at 2 pm as appropriate.
After the settlement, the clearing house gives the bank information about approval or rejections. After this, your bank will credit the amount in the account within an hour.
This means for customers
According to Adil Shetty, CEO of Bankbazaar.com, this continuous clearing system will complete the check clearance in just a few hours. Despite the increasing trend of digital payments such as UPI, NEFT and RTGS, the check is currently used extensively. Fast clearance will improve customer experience and reduce the risk associated with late settlement.
Checks under CTS will be continuously scanned, present and clear throughout the working hours. This will make the entire process better. Business will be able to manage better cash flow and the possibility of system disturbances and delays will be reduced. The risk of losing the check will also be reduced due to the end of physical check movement.
According to the expert, the CTS system will provide many facilities such as fast clearance, low clearing cycle and rapid credit in account. Clearance can also occur on the same day according to the type of check. This will also reduce the scope of fraud.