Monday, March 15, 2021

RBI asks banks to implement image-based Cheque Truncation System in all branches by September 30

The CTS is in use since 2010 and presently covers around 1,50,000 branches. All the erstwhile 1,219 non-CTS clearing houses (ECCS centres) have been migrated to CTS effective September 2020.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-asks-banks-to-implement-image-based-cheque-truncation-system-in-all-branches-by-september-30/articleshow/81515493.cms

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