The government clarified that the RBI has not prohibited black ink on cheques, countering social media claims. The RBI has not specified ink colors for cheques, confirming that black ink is acceptable ...

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, cheques are cleared using the Cheque Truncation System (CTS) in a batch processing mode. "The proposal is to ...

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 ...

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 image-friendly coloured ink to write cheques to ...