Post by: Ramya Arul Rose in Banking
Crossed Cheque The process referred to as Crossing of Cheques specifies a general instruction to a cheque which is about to be deposited to a bank account. According to Section 123 of the Negotiable Instruments Act, 1881 about Crossing of…
Post by: Bennisha in Banking Compliance
Cheque Truncation System Cheque truncation is a system for cheque clearing and settlement between banks that are based on electronic data/ images or both, without physical exchange of the instrument. Customers would deposit their cheques with their banks for collection.…
