Compfie | Extension of Cheque Truncation System (CTS) across all bank branches in the Country

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Extension of Cheque Truncation System (CTS) across all bank branches in the Country – RBI

Reserve Bank of India (RBI) had announced pan-India coverage of CTS by bringing all branches of banks in the country under image-based CTS clearing mechanism.
To facilitate this, banks shall have to ensure that all their branches participate in image-based CTS under respective grids by September 30, 2021.