Cheque Truncation System

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.…

RTGS

Real Time Gross Settlement (RTGS) Real Time Gross Settlement (RTGS) was introduced in the year 2004, is an electronic form of fund transfer where the transfer of money takes place from one bank to another bank on a real-time and…