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The cheque truncation system (cts) is a clearance system used by the reserve bank of india (rbi) to process cheques more quickly. It is a technology that seeks to eliminate the need for paper cheques to be physically transported from one bank to another during the clearing process. The reserve bank of india (rbi) introduced the.
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Cts, short for cheque truncation system, is a cheque clearing system introduced by the reserve bank of india (rbi). In simple terms, it replaces the physical movement of. Instead of relying on physical copies of the cheques,.
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