x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Wealth getting concentrated in hands of some rich: Gadkari | Srinagar records highest July temperature at 37.4 degrees | Satish Sharma monitors Shri Amarnathji Yatra convoy accident; ensures swift relief, medical response | Ensure quick resolution of public complaints: CM Yogi | DM visits Pargwal, reviews functioning of Revenue Department | Sakeena Itoo visits Nadimarg area | Waqf employees felicitate Dr Andrabi | Ajaz Jan visits District Hospital Poonch to Review Doctor Quarters, Identify Sites for Hospital Bunkers | Danger Looms in Udhampur: Unprotected Transformers Spark Safety Concerns | Sat Sharma releases "Raidass Vandana" aarti dedicated to Guru Ravidass | Kavinder meets former Jaipur Mayors, urges to join Amarnath Yatra | AIIMS Jammu Launches Neurosurgical Operative Services with Brain Tumor Surgery | Illegal structures used for bovine dumping demolished in Khanpura | I Hope To Live For 30-40 Years more: Dalai Lama | Election Commission holding regular dialogue with parties | Himachal becomes first state to launch Aadhaar-based face authentication | Interpretation Of Law, Constitution Has To Be Pragmatic: CJI Gavai | Rotary Club Jammu Elite celebrates Annapurna Day with Spirit of Service | 3 theft cases solved; 6 accused arrested | Director Forest Protection Force starts plantation drive | Two tractors seized for illegal mining | Javid Dar visits Nunwan base camp; inaugurates Waste Management facility | Bovine smuggling bid foiled; 5 bovines rescued | Railway Protection Force Bhopal takes swift action, accused arrested | 3-day Shri Sarthal Devi Ji Yatra culminates with Grand Shobha Yatra, Maha Yagya | SMVD Narayana Hospital performs Bilateral Knee Replacements in 88 years old patients | Doda police reunites mentally unsound person with his family | Free medical check-up camp organized | Directorate of Ayush mourns sad demise of Dr Tahir Mufti | 84 Bn CRPF helped in rescuing injured pilgrims of Shri Amarnath Ji Yatra | Renowned Heart Surgeon Dr Pankaj Goel joins Amandeep Group of Hospitals | Director Agriculture inaugurates Commercial Vermicompost Unit under HADP | Ravinder leads Congress protest in Sunderbani against SCARD bank , discrimination in road projects | Century of Sangh: RSS plans major outreach in J&K during Shatabdi celebrations | GOC interacts with veterans | Implement comprehensive safety measures for vehicles of pilgrims: LG Sinha to officers | 36 devotees sustain minor injuries after 5 buses collide in Ramban | ‘Op Sindoor Impact’: Bilawal Bhutto signals Pak’s willingness to hand over dreaded terrorists to India | Vijay Khanmotra elected Chairman Samba Photographers Union | CM Omar pays glowing tributes to Karbala martyrs | SIA files chargesheet in cross-border narco-terror case | Udhampur police seized 9 vehicles | Indian Army concludes Self Defense Training Workshop at Mendhar | Police register case over attempt to provoke unrest | Samba police seizes 4 dumpers for illegal mining | Nagrad deferred election | Decision on summer vacation extension today: Sakina Itoo | J&K Police attaches property | VC JU releases book “Happy Schools” emphasizing emotional well-being as core to education | ABRSM declares Kuldeep Kumar as new President of Zone Jourian | Parkash Purab of Sri Guru Hargobind Sahib Ji Celebrated with Devotion | NC felicitates newly appointed Additional Spokespersons | DBU hosts FDP on emerging AI tools for Agriculture Scientists and Educators | Sunil Dimple demands bill for restoration of Dogra State | MCM celebrates Vanmahotsav with plantation drive under 'Ek Paed Maa ke Naam' | Children and parents in digital fasting may be away from these technical means | Temple of learning? | Preventing Zoonotic Diseases: A Shared Responsibility | Divine Grace in Sacred Himalayas | Back Issues  
 
news details
Samba, Kathua districts covered under Cheque Truncation System as part of RBI project
7/15/2020 11:25:58 PM
Early Times Report

JAMMU, July 15: In a move that will be a major boost to the Digitization push in UT of J&K, Samba and Kathua districts will now be covered under the Cheque Truncation System (CTS).
The CTS has become operational in Samba on July 14, while Kathua district will be covered on July 17. At present CTS is operational only in Jammu district of the UT.
The project is being implemented by Jammu Regional Office of the Reserve Bank of India in coordination with all the member banks of clearing houses in the two districts. This project is part of RBI’s plan to implement a pan-India Cheque Truncation System from September 2020, first communicated in its Monetary Policy statement in February 2020.
The Cheque Truncation System is the process of stopping the flow of the physical cheque issued by a drawer at some point by the presenting bank en-route to the paying bank branch. In its place, an electronic image of the cheque is transmitted to the paying branch through the clearing house, along with relevant information like data on the Magnetic Ink Character Recognition (MICR) band etc. It obviates the need to move the physical cheques across bank branches or districts.
At present, there are 30 clearing houses in J&K which are not covered under CTS. This adversely impacts speed of cheque clearing and quality of services to customers and the UT government. The present clearing arrangement with physical movement of cheques is also inefficient, less secure and costlier for the banks. Migration to CTS, therefore, will be a win-win proposition for all stakeholders- customers, banks, UT Government.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU