update your address After announcing the implementation of cheque truncation system (CTS), the State Bank of India (SBI) has asked its customers to update their mailing address. The lender is ...
Republic Business on MSN7mon
RBI plans same-day cheque clearance: What it means for youCurrently, cheques are cleared using the Cheque Truncation System (CTS) in a batch processing mode. "The proposal is to ...
Cheques have long been a key financial instrument, dating back to ancient Mesopotamia and Rome, with modern versions emerging in 17th-century Europe as banking institutions formalised. By the 18th ...
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