EXECUTIVE SUMMARY Cheque Truncation is a process in which the image of the relevant data of a cheque is electronically captured and transmitted to enable payment of that…

1. RESERVE BANK OF INDIAPrepared by :NITISH KUMAR ARYA,RBI Young Scholar 2010-11Under the guidance ofShree SUNDAR MURTHIDeputy General ManagerIssue department, RBI Nagpur.…

8 PAYMENT AND SETTLEMENT SYSTEM A payments system is the set of instruments, procedures and rules used by financial institutions to transfer funds among themselves, either…

Remittances and Sustainable Development: A $100 billion Idea Dilip Ratha Swisscontact Event on Remittances, New York September 17, 2015 • International migrants: 250 million…

SUMMARY INTRODUCTION Cheque Truncation is a process in which the image of the relevant data of a cheque is electronically captured and transmitted to enable payment of that…