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    #Medicine and Allied Sciences
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    Sir I want to know about cts

    Rajkumar Shrivastav 5th Aug, 2017
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    Answer (1)
    manisha.gupta 8th Aug, 2017

    Cheque Truncation System (CTS) is a cheque clearing system undertaken by the Reserve Bank of India for faster clearing of cheques. CTS is based on a cheque truncation or online image-based cheque clearing system where cheque images and magnetic ink character recognition (MICR) data are captured at the collecting bank branch and transmitted electronically.

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