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Interest Payment on Fixed Deposit Maturing on Holiday – Guidelines

by Askbanking September 23, 2021 Bank Account QueriesLeave a comment

Know the RBI guidelines about Interest Payment on Fixed Deposit Maturing on Holiday – What does RBI say about the interest payment on Term Deposit or Fixed Deposit Matured on Holiday or any non business day ? Will you get the interest for that day from your bank ? let’s understand the RBI guidelines regarding […]

Bank Account Queries

How Does Cheque Truncation System Work ?

by Askbanking December 21, 2020January 2, 2021 Bank Account QueriesLeave a comment

CTS or Cheque Truncation System is the automation of clearing process in the bank for faster payment of Cheques. This is the process of stopping the flow of the physical cheque issued by a drawer at some point by the presenting bank en-route to the paying bank branch. In its place an electronic image of […]