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Introduction to Cheque Truncation System (CTS)

Introduction to Cheque Truncation System:


As per RBI Guidelines, pertaining for cheque clearing from 1st April 2013, all banks will have to comply with CTS – 2010 norms i.e. “Cheque Truncation System – 2010.” This involves scanning of cheque images and subsequent electronic movement/replication of these images within the system for processing and clearing of cheques.

Once the CTS-2010 is implemented it is expected:

  • Cheques would be cleared within one day.
  • Increase in overall efficiency.
  • Reduction in scope of frauds and errors.

As part of the system, all banks would be using a standardized cheque format with security features.

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