New Delhi, Nov. 9 -- The Reserve Bank of India (RBI) has, in a social media post, clarified speculation that cheque books would become invalid after 31 December, calling it "factually incorrect and misleading".

The central bank stated that bank customers will not have to replace their existing cheque books in the new year and dismissed viral social media claims that new cheque books with upgraded security features would become compulsory in 2027.

"It has come to the notice of the Reserve Bank of India that a message is circulating on social media claiming that the standard Cheque Truncation System (CTS) cheque books currently in use will change from December 31, 2026 and the new cheque books featuring updated security standards will com...