CTS Full Form | Full Form of CTS




CTS Full Form - Cheque Truncation System

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 Cheque Truncation System

Cheque Truncation System

  • CTS stand for Cheque Truncation System.
  • It's a project of reserve bank of India which was launched for faster clearance of cheques.
  • It doesn't involve physical transfer of cheques from one bank to a different bank.
  • It's basically an online image based cheque clearing system which uses cheque image to clear the cheque.
  • A electronic image of the cheque along with MICR number is sent to the drawee bank from the drawer bank.
 Types of Cheque

Types of Cheque

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Brief History

  • The CTS was first launched in capital Region, New Delhi by reserve bank of India in February 2008.
  • In September 2011, it had been launched in Chennai.
  • In 2013, RBI decided from 1 August 2013 only CTS-2010 cheques would be accepted by the banks for clearance. Later, in July 2013, this deadline was extended to 31 December 2013.

Benefits of CTS

  • It saves time, money and efforts involved in the physical movement of cheques.
  • The cheques clear faster which results in better customer service.
  • It improves the operational efficiency of banking system.
  • It reduces the chances of fraud related to clearing of cheques.
  • No fear of losing cheques in transit.
  • No geographical restrictions.

CTS Full Form - Clear to Send

 Clear to Send the Cheque Truncation System

Clear to Send the Cheque Truncation System

  • CTS stand for Clear to Send.
  • It's a flow control signal or mechanism in RS-232 standard.
  • CTS will indicate that a line or device is ready for data transmission.
  • CTS signal is sent in response to RTS (Request of Send) flow control signal.
  • The RTS signal is distributed by the sending device to inform the receiving end to get able to receive or set its CTS line when it's ready.
  • When the receiving end is prepared to receive, it sends the CTS signal to inform the opposite end to send the data.
  • Thus, CTS and RTS allow the receiver and the transmitter to alert each other before initiating the data transmission.


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