Cheque Truncation System in India
GPTKB entity
Statements (42)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:city
|
| gptkbp:alternativeTo |
gptkb:NEFT
gptkb:RTGS Electronic Funds Transfer |
| gptkbp:appliesTo |
Cooperative banks
Regional rural banks All scheduled commercial banks in India |
| gptkbp:benefit |
Improves efficiency
Reduces fraud Reduces operational cost |
| gptkbp:category |
Banking in India
Payment systems in India Financial technology in India |
| gptkbp:centralProcessingLocation |
gptkb:Mumbai
gptkb:New_Delhi gptkb:Chennai |
| gptkbp:enables |
Same-day cheque clearing
Faster fund settlement |
| gptkbp:governedBy |
gptkb:Negotiable_Instruments_Act,_1881
RBI guidelines |
| https://www.w3.org/2000/01/rdf-schema#label |
Cheque Truncation System in India
|
| gptkbp:introduced |
gptkb:Reserve_Bank_of_India
|
| gptkbp:introducedIn |
gptkb:National_Capital_Region_(NCR)
2010 |
| gptkbp:purpose |
Eliminate physical movement of cheques
Faster cheque clearing Reduce cheque clearing time |
| gptkbp:reduces |
Clearing cycle from 3 days to 1 day
|
| gptkbp:regulates |
gptkb:Reserve_Bank_of_India
|
| gptkbp:relatedTo |
Digital banking
Banking automation Cheque clearing |
| gptkbp:replacedBy |
Physical cheque clearing
|
| gptkbp:requires |
Image compression
Secure storage Cheque scanner |
| gptkbp:technology |
Image-based cheque processing
|
| gptkbp:uses |
Digital signatures
MICR data Secure communication channels |
| gptkbp:bfsParent |
gptkb:Digital_Image_and_Archive_System_Cheque_Truncation_System
|
| gptkbp:bfsLayer |
8
|