Positive Pay System: Know how it prevents cheque fraud and secures high-value transactions
The Positive Pay System (PPS) by the RBI enhances cheque security by requiring issuers of cheques over ₹50,000 to ...
The Star9d
Cheques to cost more as Bank Negara boosts e-payments
Our study shows that the unit cost for cheque processing by banks has increased ... the way we conduct our financial affairs. The banking system has allocated huge amount of resources. “ ...
Hosted on MSN8mon
RBI plans same-day cheque clearance: What it means for you
Same-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 ...