SRINAGAR: In a significant move aimed at enhancing customer convenience, Jammu and Kashmir Bank announced on Thursday that it will switch to the Continuous Clearing & Settlement (CCS) system under the Cheque Truncation System (CTS), as directed by the Reserve Bank of India (RBI). The new system will come into effect from October 4, 2025.
With this transition, customers will benefit from same-day cheque clearance, thereby eliminating long waiting times. The move is also expected to ensure smooth and seamless processing, reduce settlement delays, and provide greater efficiency in banking services.
Highlighting the benefits, the Bank said the shift will lead to “enhanced customer convenience at every step.”
J&K Bank has urged customers to maintain sufficient balance in their accounts to avoid transaction issues. It has also encouraged the use of the Positive Pay System (PPS) for secure and hassle-free cheque transactions.
“For over 87 years, J&K Bank has been serving people with trust, care and commitment. With this transition, we are making banking experiences faster and safer,” the Bank said in a statement.
The RBI directive mandates all banks across India to adopt the CCS system, marking a major step towards digitisation and efficiency in the country’s banking sector.
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