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  2. Cheque Truncation System - Wikipedia

    en.wikipedia.org/wiki/Cheque_truncation_system

    Cheque Truncation System (CTS) or Image-based Clearing System (ICS), in India, is a project of the Reserve Bank of India (RBI), commenced in 2010, for faster clearing of cheques. [1] CTS is based on a cheque truncation or online image-based cheque clearing system where cheque images and magnetic ink character recognition (MICR) data are ...

  3. Payments bank - Wikipedia

    en.wikipedia.org/wiki/Payments_bank

    On 17 July 2014, the RBI released the draft guidelines for payment banks, seeking comments for interested entities and the general public. [7] On 27 November, RBI released the final guidelines for payment banks. [8] In February 2015, RBI released the list of entities which had applied for a payments bank licence. There were 41 applicants. [9]

  4. Payment and settlement systems in India - Wikipedia

    en.wikipedia.org/wiki/Payment_and_settlement...

    The Reserve Bank of India (India's Central Bank) maintains this payment network. Real-time gross settlement is a funds transfer mechanism where transfer of money takes place from one bank to another on a 'real time' and on 'gross' basis. This is the fastest possible money transfer system through the banking channel.

  5. Cheque clearing - Wikipedia

    en.wikipedia.org/wiki/Cheque_clearing

    Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.

  6. National Payments Corporation of India - Wikipedia

    en.wikipedia.org/wiki/National_Payments...

    National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.

  7. Are these prices a mistake? Someone forgot to turn off these ...

    www.aol.com/lifestyle/are-these-prices-a-mistake...

    Snag the carpet and upholstery cleaner than more than 10,000 Walmart reviewers already love, still on sale for the same price it was on Black Friday weekend.

  8. Higher egg prices may extend far into 2025, and egg ... - AOL

    www.aol.com/finance/higher-egg-prices-may-extend...

    Signage notes a limit due to limited quantities of eggs at a grocery store in Manhattan Beach, Calif., on Jan. 2, 2025. Bird flu and other factors have contributed to an egg shortage in California.

  9. RuPay - Wikipedia

    en.wikipedia.org/wiki/RuPay

    RuPay (portmanteau of Rupee and Payment) is an Indian multinational financial services and payment service system, conceived and owned by the National Payments Corporation of India (NPCI). It was launched in 2012, to fulfil the Reserve Bank of India's (RBI) vision of establishing a domestic, open and multilateral system of payments.