Under the CTS system, the physical movement of cheques between banks will be eliminated. Normally, when you issue a cheque to someone, he presents the cheque in his bank to get the credit. The cheque ...
The Reserve Bank on Monday asked banks to implement the image-based Cheque Truncation System (CTS) in all branches by September 30, a move aimed at faster settlement of cheques resulting in better ...
After extending the deadline for withdrawal of the residual non-Cheque Truncation System (CTS) 2010 standard cheque from March 31 to July 31, 2013, the Reserve Bank of India (RBI) has now introduced ...