Smart and Easy Cheque Printing Software
A cheque is a negotiable instrument in India and is valid for three months from its date. Cheque bouncing is one of the most common offences in the country, with over 40 lakh pending cases in the Supreme Court. A cheque is said to be bounced when the payment stated on it is not made […]
Investments Huge Investments are required by the Banks to go for a Cheque Truncation System (CTS). The investments will be in the form of:- Hardware and Connectivity Linking core banking system to imaging system, and Redesigning of process mechanisms, which would require immense training for the Bank officials. The greatest requirement would be to provide […]
Shared Services There is no necessity for all banks to make huge investment in the technology and hardware procurement. Infrastructure can be shared either between banks or through independent service providers. Banks like State Bank of India and Punjab National Bank have already invested a lot in the resources and technology required for Cheque Truncation. […]