CTS

Definition : Cheque Truncation System
Category : Business » Banking
Country/Region : India India
Popularity :
Type :
Initialism

What does CTS mean?

Cheque Truncation System (CTS) is an image-based cheque clearing system undertaken by the Reserve Bank of India (RBI) for faster clearing of cheques. CTS is basically an 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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Frequently Asked Questions (FAQ)

What is the full form of CTS in Banking (India)?

The full form of CTS is Cheque Truncation System

What are the full forms of CTS in Business?

Cognizant Technology Solutions | Cheque Truncation System

What is the full form of CTS in India?

Cheque Truncation System