Digital Payment IS Safe In India?|| Topic- 89||Banking Tutorial ||Learn Banking Telugu || TDLTV
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Digital Payment IS Safe In India?|| Topic- 89||Banking Tutorial ||Learn Banking Telugu || TDLTV
57 просмотров · 5 лет назад
TDL TV
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57 просмотров · 5 лет назад
DigitalPayment #SafeInIndia #MICR #CTS #IFSC #LEI #ISO #Transactions #India #FinanicalTransactions #NACH #LVPS #RTGS #NCMC #UPI #APBS #TFCBP #AFA #ExpenditureAcount #DigitalTransactions #ATM #OnlineTranscation #SetTransactions #InternalCard #POS #ContatctlessTransactions #IVR #PrepaidTranscations #phonepay #GooglePay#PaymentMethod #OnlinePayment #Personalloans#freelancers #Travel #WebsiteCosts #Marketing #homeloans #moneydeposit #Closure #Billing #Housingloan #Documentsrequried #EMI #FixedAccount #SBI #ICIC #HDFC #KOTATAk #BOB #HomeLoanProcess #TipsOfHomeLoan #RateOfInterest #LoanAccount #BankingSector #BankExams #BankTutorial #BankLoans #HousingLoans #Bankcarrer
What is MICR?
Magnetic ink character recognition (MICR) is a technology used primarily to identify and process checks. The MICR on a check is the string of characters that appears at the bottom left of the check. It consists of three groups of numbers, including the bank routing number, the account number, and the check number.
What is CTS?
Cheque Truncation System (CTS) is a process of clearing cheques electronically rather than processing the physical Cheque by the presenting bank en-route to the paying bank branch. It is a step undertaken by the Reserve Bank of India (RBI) for quicker cheque clearance.
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