Under the Cheque Truncation System (CT

The Cheque Truncation System (CTS) speeds up cheque clearing by transmitting an electronic image of the cheque instead of the physical instrument. Under the enhanced norms (often referred to in the context of grid-based clearing), the prescribed clearing cycle for local cheques is T+0 (same-day clearing), and for inter-city clearing, it is T+1. However, the specific answer provided in the memory-based   is T+3 hours, which refers to the maximum time taken for the clearing process within the CTS framework for certain jurisdictions.