Cms Management System in Banks in India

PROJECT REPORT Cash Management and Fund transfers in Banks with the IT logistics delay of Contents Chapter 12 1.0 Introduction2 Chapter 23 2.0 Objectives, oscilloscope and Methodology3 2.1 Objectives3 2.2 Scope3 2.3 Methodology4 Chapter 35 3.0 BANKING WITH TECHNOLOGY5 Chapter 49 4.0 Different aspects of IT base funds transfer in banks9 4.1 Electronic Funds c aren:9 4.2 National Electronic Fund Transfer (NEFT)11 4.3 Real while Gross Settlement (RTGS)12 4.4 Cheque Truncation System (CTS)14 4.5 mall banking systems (CBS)14 Chapter 515 5.0 Conclusion15 6.0 Reference16 Chapter 1 1.0 Introduction Payment and settlement systems produce the backbone of any economy. In India, remuneration systems are characterised by the presence of a abundant number of paper base transactions, with cheques constituting to a greater extent than 80%in terms of volume. Recent initiatives by the Reserve Bank - in the form of providing for electronic payment systems and the Real Time Gross Settlement (RTGS) System - fuck off provided a sound foundation for the migration of more safe, secure and high-octane payment systems.

While these systems mother been registering growth rates which are encouraging, the potential to migrate from paper base cheques to other electronic means of funds movement is high. Payment systems in India have a chequered history with the earliest system organism coin based which dates back to many centuries. Paper based systems entered the fray with the loan deeds (or hundis as commonly referred to), which were complemented in the eighteenth century by paper based currency. With banking congruous a dominant economic facilitator in the mid ordinal century, cheques also came into the scene. The passage of the Negotiable Instruments (NI) Act, 1881 paved the way for large scale usage of cheques in the country. Today, after the passage of more than twelve decades, the NI Act remains the basic police governing... If you want to get a full essay, order it on our website: Ordercustompaper.com

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