Continuous Cheque Clearing Under CTS: RBI’s Latest Initiative for Efficient Banking
RBI Announces Continuous Clearing of Cheques Under CTS Introduction to Continuous Clearing The Reserve Bank of India (RBI) has introduced a new initiative to enhance the efficiency of cheque processing by implementing continuous clearing under the Cheque Truncation System (CTS). This significant move aims to streamline cheque transactions, reduce processing time, and improve overall banking…