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Tuesday, December 4, 2012

Cheque Truncation System – CTS 2010

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Using a Cheque is something we do all the time. Right from paying bills to transferring money between friends/family happens via cheques. It has become such a widely used tool that unscrupulous elements have started misusing them. To avoid misuse of cheque instruments, the Reserve Bank of India cut the validity of cheques from 6 months to 3 months at the beginning of 2012. This ruling became

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