Cheque Truncation System (CTS) for UPSC

Cheque Truncation System (CTS): A Revolutionary Step in Cheque Clearing Cheque Truncation System (CTS) The Cheque Truncation System (CTS) is an image-based cheque clearing system in India, introduced by the Reserve Bank of India (RBI) in 2009 to improve the efficiency and speed of cheque clearance. Under the CTS, physical cheques are not sent from … Read more