RBI to transition Cheque Truncation System to “continuous clearing with on-realisation settlement” in 2 phases
CTS is being transitioned from the current approach of batch processing to continuous clearing with ‘on-realisation-settlement’. CTS currently processes cheques with a clearing cycle of up to two working days.
CTS is being transitioned from the current approach of batch processing to continuous clearing with ‘on-realisation-settlement’. CTS currently processes cheques with a clearing cycle of up to two working days.
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The Federation of Economic Development Association of India (F.E.D.A) holds the distinction of being India's most venerable umbrella organization. F.E.D.A focused on promoting economic growth in India. Economic development professionals throughout the state, along with individuals and companies in related economic development fields, work together with the F.E.D.A Members and Board of Federation to help positively influence country legislation and industrial growth. With cutting edge policy research and advisory to National and State governments on trade issues. F.E.D.A is one of the leading non-profit organizations with established credentials for enhancing economic development.
