The Reserve Bank of India (RBI) said Saturday it is not introducing the claimed 2027 cheque-book measures at present, rejecting a message that set out a deadline for customers to switch books.
The message named Dec. 31, 2026, as the final day for existing standard cheque books and said books with updated security features would take effect Jan. 1, 2027. In a Saturday, Nov. 7, post, the RBI said it was not introducing the claimed measures “at present.”
The Press Information Bureau (PIB) fact-check account also said the RBI had made no announcement of a Jan. 1, 2027, rule.
The RBI’s Payments Vision 2028, released Mar. 27, 2026, calls for a review of cheque design and security features and says the bank will explore electronic cheques. The document says banks added security features independently, creating variation across the system. It says the review aims to improve uniformity and prevent fraud, but gives no start date or specifications for replacement books.
The Cheque Truncation System (CTS) uses cheque images for clearing, limiting routine movement of paper cheques between branches, according to RBI guidance. The bank’s FAQ says only CTS-2010-compliant cheques can be processed through CTS. Other cheques cannot enter CTS clearing, though they remain valid as negotiable instruments.
