Cheque Truncation System Archives - Banking Finance - News, Articles, Statistics, Banking Exams, Banking Magazine

Now, cheques to be cleared in a few hours

September 17, 2024 admin 0 Comments banking efficiency, cheque clearing, Cheque Truncation System, continuous clearing, CTS, customer experience, faster cheque payments, IBA, on-realization-settlement, rbi, settlement risk

Reserve Bank of India (RBI) has proposed continuous clearing of cheques with ‘on-realization-settlement’ Cheque Truncation System, instead of the current

Banking News

In this digital age, banks ignore a 142-year-old rule regarding cheques

December 7, 2023 admin 0 Comments BOI officials, Cheque Truncation System, Negotiable Instruments Act, recommendation, Saraswat Bank

Businesses and banks frequently overlook the fact that the law is not changing at the same rate as their efficient

Reserve Bank Corner

RBI extends cheque truncation system across all bank branches

March 17, 2021March 20, 2021 admin 0 Comments bank branches, Cheque Truncation System, rbi

RBI has recently decided to extend the Cheque Truncation System (CTS) across all bank branches by September 2021 in a