Cheque Truncation System

Cheque truncation system means that instead of physically moving the paper cheque from one bank to another, we just take a picture of it and send it electronically. It's like taking a photograph of the cheque and sending it through the computer instead of sending the actual paper. This helps save time and effort in processing cheques, making it faster and more efficient for banks to clear them. Instead of waiting days for a cheque to clear, it can now be done in just a few hours. So, it's like a magic trick that uses technology to make things easier and quicker!