Current Affairs · Digital Payments & Fintech
RBI's proposal to introduce e-checks is part of payment system modernization. What is the most significant functional advantage of e-checks compared to traditional paper cheques?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Elimination of banking intermediaries
- 2Conversion into cryptocurrency-based payments
- 3Mandatory use only for corporate transactions
- 4Full digitization with secure authentication while retaining cheque-like trust✓
Correct answer
Full digitization with secure authentication while retaining cheque-like trust
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