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Third Party Fund Transfer : NEFT,RTGS

Banks transfer funds from one one account to another.The primary methods to transfer money are physical and electronic transfers. In this article, we shall look at the ways to transfer money electronically such as third party fund transfer, inter bank transfer. It...

Cheque: Clearing Process, CTS 2010

Cheque is like a written instruction to the bank asking it to pay the person’s whose name is written on cheque the sum of money.  Cheque is just a piece of paper, To get the money it has to be cleared Beginning January 1, 2013 Cheque Truncation System (CTS)...
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