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