Payments through Electronic Funds Transfer System (ECS/RTGS)

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.... Funds Transfer System (ECS/RTGS) It may be recalled that most of the releases of funds consequent to the expenditure sanction by the government have already started through ECS/RTGS thereby expediting work and improving efficiency at different levels. This would also help in avoiding the phenomenon of stale cheques. However, in a recent internal audit it was observed that payments to vendors ....