CTS Cheque Book

The CTS 2010 is different from the earlier cheque clearance system without any physical movement of cheques between banks. An electronic image of the cheque gets transmitted to the drawee branch or bank due to the cheque truncation system. Significant relevant information gets shared along with the image, such as presenting bank details, MICR band data and presentation date. RBI made the CTS cheque effective from 2013, conforming to the CTS 2010 standards with uniform features.