CTS brings elegance to the entire activity of cheque processing and clearing. How?

Under grid-based Cheque Truncation System (CTS) clearing, all cheques drawn on bank branches falling within the grid jurisdiction are treated and cleared as local cheques. CTS also benefits issuers of cheques. The Corporates if needed can be provided with images of cheques by their bankers for internal requirements if any. The benefits from CTS are as follows: Shorter clearing cycle. Superior verification and reconciliation process. No geographical restrictions as to jurisdiction. Operational efficiency for banks and customers alike. Reduction in operational risk and risks associated with paper clearing. No collection charges for the collection of cheques drawn on a bank located within the grid. Enhancing customer service. Reducing reconciliation problems. Eliminating logistic issues.