Phase-I

Presentation session : 10 AM to 4 PM

Item expiry of all cheques shall be 7 PM.

Drawee banks shall be required to confirm (positively / negatively) cheques presented on them latest by end of session (i.e. 7:00 PM) else those will be deemed.

Duration: From 4^th October 2025 to 2^nd January 2026

Phase-II

Presentation session : 10 AM to 4 PM

Item expiry of all cheques shall be T+3 clear hours.

Drawee banks shall be required to confirm (positively / negatively) cheques presented on them within 3 hours else those will be deemed.

Duration: From 3^rd January 2026