Cheque truncation is a system for cheque clearing and settlement between banks that are based on electronic data/ images or both, without physical exchange of the instrument. Customers would deposit ...

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 ...

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 ...

The misinformation also advised users against using faded or smudged ink. “There are three images of each cheque that are taken in (Cheque Truncation System) CTS – front Gray Scale, front Black and ...

A post going viral on social media platforms, claims that the Reserve Bank of India (RBI) has changed the guidelines for filling out cheques. The post reads: “According to the new guidelines ...

Young Americans are in a rush to work, but three-year degrees and the concomitant 25% discount pale in comparison to what ...

Financial institutions must make the first $100 of all funds you deposit by cheque available to you right away. If the cheque is for $100 or less, the financial institution must make the entire amount ...

A post (here, here, and here) going viral on social media platforms, claims that the Reserve Bank of India (RBI) has changed the guidelines for filling out cheques. The post reads: “According to ...

Moov ImageCashLetter implements Image Cash Letter (ICL) files used for Check21, X.9 or check truncation files for exchange and remote deposit in the U.S. Moov Metro2 provides a way to easily read, ...

Fact Check: Moderna began clinical trials of COVID vaccine in 2020, not 2017 There has never been a statue of George Floyd at the National Mall in Washington, contrary to a false claim online that ...