What is Cheque Truncation System? CTS Benefits and Highlights of CTS Check.

What is Cheque Truncation System? Cheque Truncation System (CTS) is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for quicker cheque clearance. As the term proposes, truncation is the course of discontinuing the flow of the physical cheque in its way of clearing. Instead of this an electronic image of the cheque is transferred with vital essential data. Cheque Truncation System companies in india brings elegance to the whole activity of cheque processing & clearing and offers numerous benefits to banks like time and cost savings,…