Tag Archives | Cheque Truncation

Commonly asked Questions on Cheque Truncation (With Answers)

List of nineteen commonly asked questions on cheque truncation with answers. Q. 1. What Is Cheque Truncation? Ans. Truncation is the process of stopping the flow of the physical cheque issued by a drawer to the drawee branch. The physical instrument will be truncated at some point en-route to the drawee branch and an electronic image of the cheque would [...]

By |2016-08-25T16:53:35+05:30August 25, 2016|Banking|Comments Off on Commonly asked Questions on Cheque Truncation (With Answers)

Short Notes on Cheque Truncation

This article provides a short note on cheque truncation. Cheque truncation is the process of stopping the flow of the physical cheques issued by a drawer to the drawee branch. The physical instrument will be truncated at same point en-route to the drawee branch and an electronic image of the cheque would be sent to the drawee branch along with [...]

By |2016-08-10T10:03:32+05:30August 10, 2016|Banking Service|Comments Off on Short Notes on Cheque Truncation
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