The Reserve Bank of India (RBI) has announced that a special clearing in the Cheque Truncation System (CTS)
will be conducted on October 3, 2025 to facilitate the transition to the new continuous clearing and settlement mechanism
effective from October 4, 2025.
Special Clearing Sessions
In a circular issued by Chief General Manager Saurabh Nath, RBI said the special clearing will include three sessions.
These sessions will handle both presentation and return of instruments exclusively under the special clearing mechanism.
🕒 Timings on October 3, 2025:
- Return Session: 8:00 AM – 10:00 AM (for instruments presented on October 1, 2025)
- Special Presentation Session: 11:00 AM – 3:00 PM
- Special Return Session: 5:00 PM – 8:00 PM
The RBI clarified that there will be no regular CTS clearing sessions on October 3.
All instruments will be processed only through these special sessions.
Operational Instructions for Banks
Banks must use clearing type “99” with session numbers
“21” for presentation and “22” for return.
Any instruments presented with different codes will not be attached to the special clearing.
RBI also advised banks to maintain adequate balances in their settlement accounts to cover obligations
arising from the special clearing. Settlement will be posted for both presentation and return sessions on the same day.
Communication with Sub-Members
Sponsor banks have been directed to inform their sub-members about these arrangements.
The directive has been issued under Section 10(2) read with Section 18
of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007).
Source: RBI Circular
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