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All about Real Time Gross Settlement(RTGS) and National Electronics Funds Transfer(NEFT)
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Showing posts with label
CTS Grid
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Showing posts with label
CTS Grid
.
Show all posts
Saturday, June 17, 2017
Is it time to dump Cheque Truncation System Return Code 55 - Account blocked (situation covered in 21-25)?
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Of the myriad CTS Return Codes, two return reason codes cause the most distress. Return Code 55 - Account blocked (situation...
Tuesday, December 30, 2014
R I P Indian MICR Houses
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The curtains for the Indian MICR Clearing Houses came down in October 2014. The last of our country’s 66 MICR Houses was mi...
Saturday, June 28, 2014
July 01, 2014 – India’s Cheque Truncation System open as usual
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As Reserve Bank of India’s accounting year is July to June, every July 1, Reserve Bank of India remains closed for public tr...
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