It is a step undertaken by the Reserve Bank of India (RBI ... Besides, CTS cheques also have more security features such as watermarks and bank’s logo printed using special ink that’s visible ...

Indian customers using cheques that are not compliant with Cheque Truncation System (CTS), an online image-based cheque clearing facility, will face delay in clearance from now on, an industry ...

MUMBAI: India lags other countries in the shift to a more efficient electronic payment system from a costly cheque clearance. One reason for this is that a relatively lower number of people use ...

Chennai-based Indian Bank has made the Positive Pay System, a process of reconfirming the key details of large value cheques, mandatory from August 15. In order to safeguard against cheque frauds ...