tag:blogger.com,1999:blog-1072534379447599771.post5824510255954314043..comments2024-03-22T18:51:07.375+08:00Comments on Anand's Blog: Cheque Truncation System – CTS 2010Anand Vijayakumarhttp://www.blogger.com/profile/04069290912727901147noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1072534379447599771.post-28720217922346595692014-08-25T09:37:31.400+08:002014-08-25T09:37:31.400+08:00None that I am aware of Rahul. A cheque essentiall...None that I am aware of Rahul. A cheque essentially means that money is transferred from one bank account to another and there is a very real possibility that a cheque may not get honored (cheque bounce). So, no bank will accept the liability to pay interest in such a situation. <br /><br />Usually cheques get delayed if there is some problem with the cheque or the bank accounts involved. Ex: Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-77537126019122384882014-08-25T09:35:20.108+08:002014-08-25T09:35:20.108+08:00Rahul - One day means - one day from the date the ...Rahul - One day means - one day from the date the cheque was picked up for clearing. Cheques are usually picked up for clearing around 1 or 2 pm every day. So, if you deposit your cheque before that cut-off date, it will be picked up today else it will be picked tomorrow only. <br /><br />Once it is picked, it is sent for clearance and this usually takes 1-2 working days. Other bank cheques take Anand Vijayakumarhttps://www.blogger.com/profile/04069290912727901147noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-29668387475488079882014-08-21T21:53:36.036+08:002014-08-21T21:53:36.036+08:00is there any circular of rbi for cts cheque cleari...is there any circular of rbi for cts cheque clearing time and can it be delayed in cts or even in normal course then what are the rights with us to say to bank that compensate us for loss of interest due to delay<br />Anonymoushttps://www.blogger.com/profile/10860459298410815901noreply@blogger.comtag:blogger.com,1999:blog-1072534379447599771.post-67150717475542537952014-08-21T21:51:05.383+08:002014-08-21T21:51:05.383+08:00it is said that it will cleared in one day then wh...it is said that it will cleared in one day then why it is clearing on next day then how the clearanace time benefit will be availabale to customer?<br />Anonymoushttps://www.blogger.com/profile/10860459298410815901noreply@blogger.com