The Positive Pay System (PPS) by the RBI enhances cheque security by requiring issuers of cheques over ₹50,000 to ...
In this sequence, '110' identifies Delhi, '240' represents the bank's unique identifier, and '159' specifies the particular branch. This numerical system is essential for cheque processing and ...
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RBI plans same-day cheque clearance: What it means for youSame-day cheque clearance: The Reserve Bank of India (RBI ... cheques are cleared using the Cheque Truncation System (CTS) in a batch processing mode. "The proposal is to reduce the clearing ...
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