After extending the deadline for withdrawal of the residual non-Cheque Truncation System (CTS) 2010 standard cheque from March 31 to July 31, 2013, the Reserve Bank of India (RBI) has now introduced ...

If your cheques are not CTS 2010 complaint, there can realisation delays, as they will be cleared at less frequent intervals. With banks continuing to accept old format cheques, customers who are not ...

Bangalore: Have you seen the new Cheque Truncation System (CTS) compliant cheque book? It has many special features introduced by RBI to make the cheque payments a more secure and universalized mode ...

Mumbai, Mar 19: The RBI has extended the deadline of March 31 till July 31 for issuance of new CTS cheque books books and withdrawal of all old format cheques, says a circular sent to bank heads. The ...

Ensure you use a CTS 2010-compliant cheque, and know the types of cheques for different purposes and the consequences of bounced cheques. A bounced cheque can hit your credit score and the issuer as ...

Aurangabad: Transactions, in terms of cheque and CTS (cheque truncation system) clearances of at least nine banks, have taken a hit since the Yes Bank scam surfaced last week. Some banks in Aurangabad ...

The Reserve Bank of India (RBI) on Monday asked all banks to extend Cheque Truncation System (CTS) to all branches across the country by September 30. The move is expected to make cheque settlement ...

Cheque Truncation System (CTS) is a process of clearing cheques electronically rather than processing the physical cheque by the presenting bank en-route to the paying bank branch. It is a step ...

The online Main examination for IBPS PO/MT 2015 posts is tentatively scheduled in last week of October. Here, the banking team of jagranjosh is providing the description of important banking term ...