Legal Question in Banking Law in India

Meaning of CAS Cheque


Asked on 4/04/15, 6:15 am

2 Answers from Attorneys

J. Radhakrishnan independent Practice

Customer Authentication system

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Answered on 4/04/15, 8:10 am
Fca Prashant Chavan Expert Edge LLP

06.04.2015

Dear Sir / Madam,

CAS means "Cheque Authorization System" which refers to the 'machine mode' of clearing cheques received for collection by Banks, introduced and implemented by the Reserve Bank of India under the CTS-2010 - "Cheque Truncation System-2010".

Regards,

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Answered on 4/05/15, 6:37 pm


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