The much-awaited operationalisation of the cheque truncation project has been pushed forward by two more months, following low compliance rate with the electronically designed cheques. The cheque ...

The cheque Truncation System (CTS) was initially scheduled to go live in June, but was pushed forward to August 15 following low compliance rate. This was attributed to printing constraints, which ...

The move toward check truncation is picking up steam for a number of reasons. They include the declining cost of technology, constant increases in mailing costs, the shock of Sept. 11, when banks came ...

New Delhi: The Reserve Bank of India (RBI) is set to implement same-day cheque clearing mechanism, effectively from from, October 4, to enable cheque clearance within a few hours of being presented, ...