CTS 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