Introduction to Cheque Truncation System (CTS)
March 8th, 2013 by CHEQUEMAN
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. […]
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