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  News for Cheque Truncation System

  • Business

Know all about the cheque truncation system

Considered to be a major milestone in the history of Indian banking, Cheque Truncation System aims to make cheque clearance more efficient and reduce the clearance time of cheques to one day,......

RBI extends deadline for new cheques

The Reserve Bank of India ( RBI) has extended the deadline for implementing the Cheque Truncation System-2010 (CTS-2010) by another three months. This is the second such extension.Banks have now......

What is cheque truncation all about?

Cheque Truncation Solution is a big milestone in the Indian banking industry. It enables cheque clearing on the same day, reducing floating time available for funds.The technology, being......

Banks to have cheque imaging system soon

US-based Bankserv Inc is in talks with its Indian partner aurionPro Solutions to offer rupee cheque imaging for the Indian market.Bankserv is targeting Indian banks as it plans an investment to the......

RBI to start cheque truncation project in Delhi

The Reserve Bank of India is expected to kick off the pilot project on cheque truncation, which eliminates physical movement of cheques, in Delhi over the next 9-12 months."We have invited tenders......

  People speak for cheque truncation system

  • QNA
Shikha Aggarwal
Q. what is CTS & its benefits?
Shikha Aggarwal:  A.  more

Q. c t s mains
SUJITKUMAR:  A. Cheque Truncation System (CTS) or Image-based Clearing System (ICS), in India, is a project undertaken by the Reserve Bank of India RBI, for...... more

Q. what is MICR CTS clearing?
SUJITKUMAR:  A. CTS stands for Cheque Truncation System. The old paper clearing system is replaced by an electronic data based and electronic image exchane based...... more

  Web results for Cheque Truncation System
Check out time for cheques

The Reserve Bank has recently come out with a circular cautioning against the rise in the number of cheque-related fraud cases in the banking... ...
Banking Newsletter - November 24 to 28, 2014

Top Stories We need fundamental reforms starting with a change in mind set: Dr. Raghuram Rajan Let me start by thanking the Director of IRMA... ...
NCR successfully completes CTS project in India

NCR Corporation and announced the successful completion of the landmark Cheque Truncation System (CTS) project in India. Started by the Reserve... ...
Non-CTS compliant cheques, drafts still in circulation

Krishnan was visibly upset over the inordinate delay in encashment of a demand draft issued by a bank. It is close to a week since I presented the... ...
India moving fast towards cashless transactions

| Nokia Growth Partners | Smartphones | SMS | TechProcess Payment Services Ltd. | W Capital Although the use of cash for monetary transactions is... ...

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