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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