Altering a cheque to frame the Premier or Works Minister would have been practically impossible at the Bank of Bermuda or its cheque-clearing company, sources familiar with Bermuda's banking system ...
In CTS, banks use scanned copies of cheques for settlement instead of the physical copy making the clearing process partially electronic Clearing of bank cheques is set to become faster. In its sixth ...
The Cheque Truncation System is all set to replace the age-old clearing system in India, where physical cheques were exchanged between banks. Under the new system, images of the cheques flow between ...
In a bid to speed up the cheque processing time from the current T+1 settlement period, RBI has announced that starting October 1, 2025, cheque handling will move away from the existing batch clearing ...
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From same day credit to credit within hours, how RBI is revolutionising cheque clearance process
In a bid to speed up the cheque processing time from the current T+1 settlement period, RBI has announced that starting October 1, 2025, cheque handling will move away from the existing batch clearing ...
With a view to expedite clearance of cheques, the Reserve Bank of India on Friday announced bringing all bank branches across the country under the Cheque Truncation System (CTS) from September 2021.
In a bid to further revolutionalise the domestic payment system, the Reserve Bank of India is launching the cheque truncation facility on Thursday. The banks are quite enthusiastic towards a pilot ...
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