CTS Full form | CTS cheque full form | Meaning of CTS

CTS Full form,  CTS cheque full form Complete form of CTS.

CTS Full form

Full form of CTS:-

The CTS has a full form "Check Truncation System", it is called check reduction system in Hindi, it is a project of RBI, it was launched for faster clearance of check, now let's talk about it in general. Receive information.

CTS is a new cheque system created by RBI, it was first started in 2010. For your information, it is also known as CTS-2010. CTS online is based on an image-based check clearing system. CTS is the fastest check clearing technology in today's time. Friends, this does not include the physical transfer of checks from one bank to another. The CTS uses the cheque image to clear the probe. An electronic image of the check with the MICR number is sent from the drawer bank to the drawer bank.

History of CTS:-

 we talk about CTS history, it was first started by the Reserve Bank of India in New Delhi, the capital of India, in February 2008, and in September 2011, it was also launched in Chennai.

Benefits of CTS?

Let's know what are the benefits of CTS:-

1. At present, clearing of CTS check is possible in 24 hours.

2. The fake use of such checks is impossible.

3. The probability of missing a CTS check is negligible.

4. Real-time tracking in CTS checks features such that the possibility of check fraud is very useful.

5.CTS check provides you the facility of clearing at any bank anywhere in the country.

CTS Cheque’s Features:-

If we talk about its features, we would like to tell you that at the present time the bank already has standard checks of very good quality. But friends, all these have been made under the old banking process. In the CTS-2010 system, you will get features like fast clearing and real-time tracking as you know. This is not something to be seen in your standard check -

1. If we talk about the unique features of CTS, then we can tell you that CTS-2010 compliance size, paper, and signature, date detail of all bank checks will be exactly the same.

2. In all the checks of CTS, you will see the watermark of 'CTS India' and this watermark will be visible only in Light. This watermarked feature helps prevent cheque from fraudulent.