Tag Archives: Cheque Truncation

Cheque Truncation Questions and Answers

CHEQUE TRUNCATION SYSTEM (Updated as on 30-4-2012) 1. What is Cheque Truncation ? Truncation is the process of stopping the flow of the physical cheque issued by a drawer at some point with the presenting bank en-route to the drawee bank branch. In its place an electronic image of the cheque is transmitted to the… Read More »