RBI’s Initiative in Cheque Truncation System – 2010
May 31st, 2013 by CHEQUEMAN
The RBI set up a working group on Cheque Truncation and e-cheques, which studied the Truncation and Imaging processes of other countries and came out with the following recommendations:- In India the cheques should be truncated at the presenting bank itself and there should not be any amount based restriction. An electronic image based model will be […]