WebCheque 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 … WebMar 18, 2024 · The Image Clearing System is designed to speed up cheque clearing. The technology behind processing cheques has effectively been left untouched for centuries …
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