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Daily Archives: February 6, 2021

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All 1800 odd branches will come under CTS by September

Negotiable Instrument ActBy Surendra NaikFebruary 6, 2021

RBI on Friday announced that all the 18,000-odd branches which are outside the centralised clearing system called cheque truncation system will come under it by September. This is decision is taken by Central Bank as part of further improving, speeding up, and fool-proofing the payments and settlement systems, it said. The Cheque Truncation System (CTS)…

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