Tag: cts

As you would be aware, the Reserve Bank of India (RBI) had planned to implement the new Cheque Truncation System (CTS) starting 1st January, 2013.  You might have read previous article on same explaining everything about CTS -2010. This would have rendered your old cheque leaves …

Many times we come across cheating incidents caused by changing cheque amount or by doing cheque tampering.  In order to prevent this type of frauds & to shorten clearing cycle RBI has taken good initiative of CTS it is now mandatory for banks to issue standardized …