Cheque Truncation System
id:
cheque-truncation-system-161-6923909
title:
Cheque Truncation System
text:
Cheque Truncation System (CTS) or Image-based Clearing System (ICS), in India, is a project of the Reserve Bank of India (RBI), commenced in 2010, for faster clearing of cheques. CTS is based on a cheque truncation or 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. Cheque truncation means stopping the flow of the physical cheques issued by a drawer to the dr
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Cheque_Truncation_System
date created:
2011-04-04T09:47:33Z
date modified:
2024-08-27T06:39:13Z
main entity:
{"identifier":"Q13111995","url":"https://www.wikidata.org/entity/Q13111995"}
image:
fields total:
13
integrity:
14