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Cheque Clearance In Just A Few Hours --Here's All About RBI's Latest Announcement
RBI has proposed to transition Continuous Clearing of Cheques under Cheque Truncation System (CTS) to continuous clearing with 'on-realisation-settlement', that will reduce the time of clearance of cheques in a few hours.
RBI has proposed to transition Continuous Clearing of Cheques under Cheque Truncation System (CTS) to continuous clearing with 'on-realisation-settlement', that will reduce the time of clearance of cheques in a few hours.
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