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What are the important measures recommended by the RBI to banks to implement preventive measires in order to reduce cheque elated fraud cases ?

1. Provision of an SMS alert to payer/drawer when cheques are received in clearing

2. Provision of alerting customers by a phone call and get the confirmation from the payer/drawer in case of large value cheques

3. Ensuring 100% implementation of CTS (cheque truncation system) in clearance

4. Ensuring complete K


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