CTS ( Cheque Truncation System)



What is CTS ? Cheque 
Truncation System



Do you know what is CTS ?, If not, so through this post you will get full information about CTS. The full form of CTS is Cheque Truncation System.

Prior to this, the cheque was physically sent from bank to clearing house for clearing the cheque, lot of time taken in this process but in the Cheque Truncation System.  (CTS) scans a cheque in the digital image form and send one bank to Grid centres for clearing the cheque, because of it very less time take to clearing the cheque.





CTS is the standard form of cheque issued by banks across the country. The main feature of CTS is that the process of clearing is electronic form (Image based ). This new kind of image based cheque is sent to the clearing house’s system for clearing, from a bank electronic system  and as soon as verify the cheque, amount is credited in your account. In CTS system the cheque physically does not go anywhere for clearing.


You can get more information about CTS by clicking on this video.