a truncated cheque definition
a truncated cheque means a cheque which is truncated during the course of a clearing cycle, either by the clearing house or by the bank whether paying or receiving payment, immediately on generation of an electronic image for transmission, substituting the further physical movement of the cheque in writing.
a truncated cheque means a cheque which is truncated during the course of a clearing cycle, either by the clearing house or by the bank whether paying or receiving payment, immediately on generation of an electronic image for transmission. The expression “clearing house” means the clearing house managed by the RBI or a clearing house recognised as such by the RBI.’
a truncated cheque means a cheque which is truncated during the course of a clearing cycle, either by the clearing house or by the bank whether paying or receiving payment, immediately on generation of an electronic image for transmission, substituting the further physical movement of the cheque in writing. The expression “clearing house” means the clearing house managed by the Reserve Bank of India or a clearing house recognised as such by the Reserve Bank of India.’
More Definitions of a truncated cheque
a truncated cheque means a cheque whicll is truncated during the course of a clearing cycle, either by the clearing house or by t he b:fnk whe
a truncated cheque means a cheque which is truncated during the course of clearing cycle, either by clearing house or by bank, preventing the further physical movement of cheque.
a truncated cheque means a cheque which is truncated during the course of a clearing cycle, either by the clearing house or by the bank whether paying or receiving payment, immediately on generation