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Technology – The Core Service Differentiator for The ... - IDRBT

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RBI and Customer<br />

<strong>Service</strong>...(2)<br />

Improvements in payment and<br />

settlement systems<br />

• MICR Clearing<br />

• Enabling faster clearing of<br />

cheques<br />

• Cheque Truncation & E-Cheques<br />

• On the drawing board<br />

• ECS/EFT<br />

• Enabling T+2 settlement of our<br />

equities market<br />

• National EFT<br />

• Enabling T+0 settlement of all<br />

customer funds transfer<br />

transactions<br />

INSTITUTE FOR DEVELOPMENT AND<br />

RESEARCH IN BANKING TECHNOLOGY<br />

October 9, 2004<br />

Vepa Kamesam, Chairman <strong>IDRBT</strong>

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