Current Affairs · Banking Sector Reforms
As per the RBI's announcements regarding upgrading the Cheque Truncation System (CTS), the transition aims to move from the existing clearing model to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Manual regional processing units running alongside automated engines
- 2Phasing out cheques completely in favor of mandatory digital tokens
- 3End-of-week settlement delaying current cycle payouts
- 4Continuous clearing with settlement on a realization basis during business hours✓
Correct answer
Continuous clearing with settlement on a realization basis during business hours
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