The continued increase in the volume of cheques added pressure on the existing set-up, thus necessitating following cost-effective alternative systems.
- Electronic Clearing Service (ECS) Credit
- Regional ECS (RECS)
- Electronic Clearing Service (ECS) Debit
- National Electronic Funds Transfer (NEFT) System
- Real Time Gross Settlement (RTGS)System
- Clearing Corporation of India Limited (CCIL)