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Essential features of a cheque | Bank Interview - private Bank Interview | IPB India
Cheque Truncation System (CTS) is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for quicker cheque clearance. As the term proposes, truncation is the course of discontinuing the flow of the physical cheque in its way of clearing. Instead of this, an electronic image of the cheque is transferred with vital essential data ...
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