Did you know? Cheque Truncation isn't just a term—it's the key to smarter banking. By truncating the flow of physical cheques, we get: Faster processing times Lower operational costs Reduced fraud and risk Overall improved efficiency! A win for banks and customers alike. #ChequeTruncation #FinTech #Finance #JSBPune #jsb #janatasahakaribank | Janata Sahakari Bank Ltd., Pune
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Did you know? Cheque Truncation isn't just a term—it's the key to sm…
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🏦Read Caption: The Cheque Truncation System (CTS) from batch processing to a continuous, near real-time model called "Continuous Clearing and Settlement on Realisation" to speed up cheque clearance, with Phase 1 starting October 4, 2025, and full implementation by January 3, 2026. This new system significantly reduces the time for funds to become available from days to a few hours, with settlements occurring hourly after the initial scanning and presentation. Banks process cheques continuously
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