Chip Pin Credit Cards

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It’s been more than 2 decades since credit cards were introduced in India. It has given various card issuers a tough time to call it a stable base in India. However, things have changed in the recent past with the Gen-X choosing plastic as a favored mode of payment. Things … Continue reading

RBI guidelines 2013 – CTS 2010 Standard Cheque Book

RBI has notified all banks to implement standardization and enhancement of security features of cheques. This directive has come in order to migrate to Cheque Truncation System (CTS) 2010 standards by year end i.e. 2012. Currently, we follow the MICR system. This will be replaced by CTS. This system is intended to … Continue reading