Cheque Truncation System

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RBI plans to speed up cheque clearance. Here's how

The cheque truncation system, which is currently operational at the major clearing houses of the country, has stabilised well and it has made large efficiency gains: RBI In a bid to accelerate......

No payment systems to work on 2nd, 4th Saturday from Sept 1: RBI

Will work full day on other Saturdays; bank branches to be shut on 2nd, 4th Saturday from next month Reserve Bank of India (RBI) has said that from September 1, 2015, payment systems will not work......

Know all about the cheque truncation system

Considered to be a major milestone in the history of Indian banking, Cheque Truncation System aims to make cheque clearance more efficient and reduce the clearance time of cheques to one day,......

RBI extends deadline for new cheques

The Reserve Bank of India ( RBI) has extended the deadline for implementing the Cheque Truncation System-2010 (CTS-2010) by another three months. This is the second such extension.Banks have now......

RBI unveils customer-friendly measures

The Reserve Bank on Tuesday announced a slew of measures, including a simplification of the stringent KYC (know-your-customer) norms, to make banking easier for the common man. "It is proposed to......

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Cheque Truncation System

News for Cheque Truncation System

RBI plans to speed up cheque clearance. Here's how

No payment systems to work on 2nd, 4th Saturday from Sept 1: RBI

Know all about the cheque truncation system

RBI extends deadline for new cheques

RBI unveils customer-friendly measures

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