Cheque truncation system

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  • old format cheques, frauds, rbi extends time for new format of cheques, Cheque truncation system

    RBI extends time for new format of cheques 15 December 2012

    In a move to counter the fraudsters who take advantage of the cheque system, the RBI has announced the CTS format of cheques, Cheque Truncation System, according to which the non-CTS 2010 standard cheques would no longer be valid after...

    Keywords: RBI, reserve bank of india, frauds, new cheques

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