RBI Updates Directions on Non-SLR Investments by Co-op Banks

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  • Last Updated on 29 September, 2025

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Circular no. RBI/2025-26/81 CO.DPSS.RLPD.No.S680/04-07-001/2025-2026; dated: 26.09.2025

1. RBI Issues Directions for Special Clearing

The Reserve Bank of India (RBI) has instructed all banks to conduct special clearing operations under the Cheque Truncation System (CTS) on October 3, 2025. This directive is aimed at ensuring smooth processing and timely settlement of cheques during the specified period, with revised session timings being made applicable for the day.

2. Revised Session Timings for Clearing

For this special clearing operation, the RBI has notified specific session codes and timings. Banks must use clearing type ‘99’ and allocate session number ‘21’ for presentation and session number ‘22’ for return. The presentation window will remain open from 11:00 AM to 3:00 PM, while the return session is scheduled between 5:00 PM and 8:00 PM.

3. Impact on Regular Clearing Sessions

After the closure of the return session on October 3, 2025, relating to cheques presented on October 1, 2025, there will be no regular clearing sessions in CTS on the same day. Importantly, all instruments will be processed exclusively through this special clearing mechanism, making it a mandatory process for banks and participants.

4. Settlement and Compliance Requirements

The RBI has further clarified that instruments submitted with any clearing type or session number other than those specified will not be included in the special clearing. Settlements will be posted separately for both the presentation and return sessions. To ensure seamless execution, banks have been advised to maintain adequate balances in their settlement accounts to meet obligations arising from the special clearing.

5. Conclusion

This special directive emphasizes RBI’s commitment to ensuring efficient clearing operations during critical banking days. By mandating strict session codes, timings, and compliance requirements, the RBI aims to facilitate smooth cheque processing while minimizing settlement risks. Banks are expected to adhere closely to these instructions to avoid disruptions in customer transactions on October 3, 2025.

Click Here To Read The Full Circular 

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied