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- Cheque_truncation_system abstract "Cheque Truncation System (CTS) or Image-based Clearing System (ICS), in India, is a project undertaken by the Reserve Bank of India – RBI, for faster clearing of cheques. CTS is basically an 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.Truncation means, stopping the flow of the physical cheques issued by a drawer to the drawee branch. The physical instrument is truncated at some point en route to the drawee branch and an electronic image of the cheque is sent to the drawee branch along with the relevant information like the MICR fields, date of presentation, presenting banks etc. Cheque truncation, would eliminate the need to move the physical instruments across branches, except in exceptional circumstances. This would result in effective reduction in the time required for payment of cheques, the associated cost of transit and delays in processing, etc., thus speeding up the process of collection or realization of cheques.".
- Cheque_truncation_system wikiPageExternalLink blog.chequeman.com.
- Cheque_truncation_system wikiPageExternalLink checklist-moving-to-cts-2010-compliant-cheques-rbi.
- Cheque_truncation_system wikiPageExternalLink rbi-regulation-for-cts-effective-from-dec-1.html.
- Cheque_truncation_system wikiPageExternalLink report_a-pan-india-cheque-truncation-system-five-years-away_1336380.
- Cheque_truncation_system wikiPageExternalLink 6424.html.
- Cheque_truncation_system wikiPageID "31384871".
- Cheque_truncation_system wikiPageRevisionID "594814007".
- Cheque_truncation_system hasPhotoCollection Cheque_truncation_system.
- Cheque_truncation_system subject Category:Payment_systems.
- Cheque_truncation_system subject Category:Reserve_Bank_of_India.
- Cheque_truncation_system type Artifact100021939.
- Cheque_truncation_system type Instrumentality103575240.
- Cheque_truncation_system type Object100002684.
- Cheque_truncation_system type PaymentSystems.
- Cheque_truncation_system type PhysicalEntity100001930.
- Cheque_truncation_system type System104377057.
- Cheque_truncation_system type Whole100003553.
- Cheque_truncation_system comment "Cheque Truncation System (CTS) or Image-based Clearing System (ICS), in India, is a project undertaken by the Reserve Bank of India – RBI, for faster clearing of cheques. CTS is basically an 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.Truncation means, stopping the flow of the physical cheques issued by a drawer to the drawee branch.".
- Cheque_truncation_system label "Cheque truncation system".
- Cheque_truncation_system sameAs m.0gkx8zz.
- Cheque_truncation_system sameAs Q13111995.
- Cheque_truncation_system sameAs Q13111995.
- Cheque_truncation_system sameAs Cheque_truncation_system.
- Cheque_truncation_system wasDerivedFrom Cheque_truncation_system?oldid=594814007.
- Cheque_truncation_system isPrimaryTopicOf Cheque_truncation_system.