update your address After announcing the implementation of cheque truncation system (CTS), the State Bank of India (SBI) has asked its customers to update their mailing address. The lender is ...

Currently, PPS is mandatory for cheques of ₹5 lakh and above processed through the Cheque Truncation System (CTS). Earlier, effective October 1, 2024, banks in India mandated the use of PPS for ...

Currently, cheques are cleared using the Cheque Truncation System (CTS) in a batch processing mode. "The proposal is to reduce the clearing cycle by introducing continuous clearing with 'on ...

Ndung’u said the switch to electronically designed cheques — cheque truncation — in August 2011, has improved the efficiency of the clearing house. Initially, upcountry cheques would take up ...

Things to keep in mind while writing on a cheque The RBI in FAQs of cheque truncation has mentioned certain points to be noted while writing on a cheque. Image-friendly ink: Customers should use ...