Agartala, Sep 29, 2025 | SKY LINK TIMES
In a major step towards digital banking efficiency, the Tripura State Cooperative Bank Ltd (TSCB) has announced that it will adopt the Continuous Clearing and Settlement Mechanism (CCSM) under the Cheque Truncation System (CTS) starting October 4, 2025, as per the directive of the Reserve Bank of India (RBI).
Special Clearing on October 3 Before Transition
Ahead of the nationwide roll-out, the RBI has directed all banks, including cooperative banks, to conduct a special clearing session on October 3, 2025.
Session Timings for October 3:
- Return Session (for cheques presented on Oct 1): 8:00 AM – 10:00 AM
- Special Presentation Session: 11:00 AM – 3:00 PM
- Special Return Session: 5:00 PM – 8:00 PM
After this, regular batch-based clearing will cease, and the Continuous Clearing and Settlement system will be operational from October 4.
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Benefits for TSCB Customers by Continuous Clearing and Settlement System
According to TSCB officials, the shift to Continuous Clearing and Settlement will bring faster cheque clearance and greater transparency.
Key Advantages:
- Same-day settlement of cheque transactions.
- Reduced delays in cheque processing.
- Improved liquidity for customers and businesses.
- Greater convenience for rural and urban cooperative banking clients.
The Bank has urged customers to maintain adequate balances in their settlement accounts and assured that all operational changes will be communicated clearly.
Cooperative Banks Embracing Modernization
The Tripura State Cooperative Bank Ltd, being the largest cooperative bank in Tripura, has emphasized that this reform will strengthen financial inclusion in the state. By aligning with RBI’s modernization push, cooperative banks like TSCB will ensure that even customers in remote areas benefit from faster, technology-driven banking services.
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