Iran’s Central Bank Implements New Checkbook Regulations for Enhanced Financial Discipline
In a move to streamline banking processes and bolster financial transparency, the Central Bank of Iran (CBI) has enacted new regulations governing the issuance of checkbooks. Effective from September 8, 2025, these measures are designed to instill greater discipline in check usage and provide a clearer framework for customer credit behavior, applying to both individual and corporate applicants.
Key Changes for First-Time Applicants
The cornerstone of the new policy introduces specific limitations for customers receiving a checkbook for the very first time. The CBI has outlined a structured approach to manage initial allocation and monitor usage patterns.
For individual customers, the first year is now subject to a cap. New applicants will be eligible to receive just one physical checkbook, containing a maximum of 10 leaves. Simultaneously, and without the previous requirement to use 80% of existing leaves first, they can also receive 10 leaves in electronic check format.
Corporate clients will see a similar structure. In their first year, they will be permitted a maximum of one physical checkbook with 25 leaves. They will also be granted access to 25 electronic check leaves concurrently.
A Framework for Financial Oversight
The CBI has clarified that the “first year” will be calculated from the date of the initial checkbook issuance at each respective credit institution. While these new caps are a central tool for the CBI to better manage the allocation of checkbooks and supervise customer spending habits, the primary responsibility for assessing individual credit risk and eligibility remains with the issuing banks themselves. This policy reflects a continued effort to modernize Iran’s banking sector and promote responsible financial practices.
