Tag - truncation

cheque truncation clearing system

[Economy] Cheque Truncation System (CTS-2010): Meaning, Advantages explained

What is cheque clearing house? What is MICR code? What is Cheque Truncation System (CTS)? What are the benefits of Cheque Truncation? CTS-2010 What is cheque clearing house? Suppose a party from Delhi pays you via cheque of Citibank and you have account in [...]