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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......

What is cheque truncation all about?

Cheque Truncation Solution is a big milestone in the Indian banking industry. It enables cheque clearing on the same day, reducing floating time available for funds.The technology, being......

Banks to have cheque imaging system soon

US-based Bankserv Inc is in talks with its Indian partner aurionPro Solutions to offer rupee cheque imaging for the Indian market.Bankserv is targeting Indian banks as it plans an investment to the......

RBI to start cheque truncation project in Delhi

The Reserve Bank of India is expected to kick off the pilot project on cheque truncation, which eliminates physical movement of cheques, in Delhi over the next 9-12 months."We have invited tenders......
  Web results for Cheque Truncation System
RBI study claims major drop in cash payments after note-ban

The note-ban has resulted in a "fundamental shift" in the payment habits in the economy - a move away from cash payments to and a wider adoption of... ...
Demonetisation 2.0 on its way? Will Government enforce Cheque-bandi?

Last year, there was an outright uproar when the government decided to implement Demonetisation. Cut to 2017, a year and nearly a fortnight later,... ...

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