Multiple Choice Questions on The Reserve Bank of India has announced to launch the facility of Positive Pay System for Cheque Tru........... for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

The Reserve Bank of India has announced to launch the facility of Positive Pay System for Cheque Tru...........

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    The Reserve Bank of India has announced to launch the facility of Positive Pay System for Cheque Truncation System (CTS) i.e the cheques cleared through CTS. From when will the positive pay system be implemented in India ?

    January 01, 2020

    Incorrect Answer

    March 01, 2020

    Incorrect Answer

    January 01, 2021

    Correct Answer

    April 01, 2021

    Incorrect Answer
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    Explanation:
    • The Reserve Bank of India has announced to launch the facility of Positive Pay System for Cheque Truncation System (CTS) i.e the cheques cleared through CTS (movement of the image of cheque in place of physical movement of cheque).
    • Positive Pay System will be implemented from January 01, 2021.

    By: Rohit Middha
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