The Reserve Bank today said that the Cheque Truncation System (CTS), which is currently ... brings elegance to the entire activity of cheque processing. Cheque truncation was implemented in ...

said last week that all bank branches in India would put in place the cheque truncation system by September 2021. For those of us who still issue cheques, despite many Indians adopting to digital ...

The newly redefined and standardised cheque for the banking system has taken off ... the security of transactions and make cheque processing faster and more secure. On how to identify the ...

This new system will automate all aspects ... "Despite all of the tremendous advances in banking technology over the past several years, check processing is still a very necessary function for ...

The speed clearing system leverages on the centralisation of banking operations made possible through core banking solutions (CBS). This obviates the need for the physical movement of cheques.

Delays in the processing system mean most cheques take four days to clear ... But the OFT has allowed the banking industry to delay improvements. Its taskforce is to publish proposals for ...

The banks argued that they were losing out on interest payments because they had to release the funds for the cheques sooner than under the previous processing system. But the competition ...

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 ...

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 ...