In CTS, banks use scanned copies of cheques for settlement instead of the physical copy. It makes the cheque clearing process partially electronic. The CTS makes clearing cycle shorter.

CTS currently processes cheques with a clearing cycle of up to two working days. To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer ...

From days to hours - The new same-day cheque clearance The latest announcement by RBI will transition from the batch processing mode of Cheque Truncation System (CTS) to a continuous clearing model.

"Cheque Truncation System (CTS) currently processes cheques with a clearing cycle of up to two working days. To improve the efficiency of cheque clearing and reduce settlement risk for participants, ...

The Reserve Bank of India (RBI) has proposed to reduce the cheque clearing cycle from T+1 days to within a few hours, Governor Shaktikanta Das said during the MPC statement on August 8. “The ...

Same-day cheque clearance: The Reserve Bank of India (RBI) is considering a major overhaul in cheque processing, shifting from batch processing to continuous clearing. This change aims to reduce ...

The Reserve Bank has revamped the cheque truncation system (CTS), which currently processes cheques with a clearing cycle of up to two working days, to improve the efficiency of cheque clearing ...

At present, cheque clearing through the Cheque Truncation System (CTS) operates in a batch processing mode and has a clearing cycle of up to two working days. It is proposed to reduce the clearing ...

Cheque Clearance New Rule: The RBI has proposed measures to speed up clearance of cheques in just few hours from two days. The cheques will be passed on a continuous basis during business hours.

Using CTS, banks can send images instead of paper cheques for the purpose of clearing and settlement. RBI has implemented CTS system in the national capital region.