The Positive Pay System (PPS) by the RBI enhances cheque security by requiring issuers of cheques over ₹50,000 to pre-register details like cheque number, date, amount, and payee name. This prevents ...

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 ...

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 ...