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CHEQUE TRANCATION SYSTEM(CTS) – Coming Soon

Cheque Truncation System (CTS) or Image-based Clearing System (ICS), in India, is a project undertaken by the Reserve Bank of India (RBI) in 2008, 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.

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.

We're in the process of expanding our Cheque Policies, granting business customers to use CTS facility. Soon you'll be able to use CTS. Be sure to bookmark this page and check back periodically for updates on our progress.