CTS Full Form, what is the full form of CTS, what is CTS, full name of CTS and what it means, you will get answer to all such questions in this post.
CTS Full Form
The CTS has a full form Check Truncation System. This is called the system of check deduction in Hindi.
The Reserve Bank has once again deferred the deadline for July 31 to fully implement the Better Secure Check System CTS in the Banking System. Earlier this deadline was set to 31 March.
As an investor, it is important for you to know about this new check system. If you use CTS i.e. Check Truncation System, then your work is done quickly and this financial transaction process is 100 percent safe.
Now your check will not have to go from one bank to another to become clear.
An electronic image with all the necessary information will be sent to the related party.
These checks are more secure because in the new check system, just below the account number on the left side, there is a Void Pantograph, which is impossible to copy or scan, and it is impossible to create a fake check as well as the symbol of the rupee where you fill the Amount. The symbol will be inscribed.
The entire check will have an invisible logo of the bank, which will be easily caught in the case of copying.
Advantages of CTS
- CTS check clearing is possible in 24 hours
- Fake use of such checks is impossible
- Chances of missing a check are equal
- There is a facility of clearing in any bank anywhere in the country.
- Standard check system to be introduced by all banks
Features of CTS
There are many features of CTS checks. Friends, if we talk about all its features, then we would like to tell you that in today’s time all banks already have a standard check of very good quality.
But friends, all these have been made under the old banking process. In CTS 2010 System, you will get many features like Fast Clearing and Real Time Tracking.
If we talk about its most unique features, then we would like to tell you that CTS-2010 Compliance will be the same size and paper of all banks’ checks, and the signature and Date Detail will be exactly the same.
In all the CTS checks, you will see the watermark of CTS India. You can see this watermark only in Light.
Other Known Full Forms of CTS
Cadet Training Ship – Shipping & Sailing
Cadillac Touring Sedan – Transportation
Call The Shots – General Business
Call Tracking System – Telecom
Canada Treaty Series – USA Government
Candidate Tracking System – General
Cardio-Thoracic Surgery – Physiology
Career Technology Studies – Universities
Careflow Transcription Suite – Software
Carmichael Training Systems – Companies & Firms
Carpal Tunnel Syndrome – Physiology
Cash To Spend – Accounting
Catera Touring Sedan – Transportation
Celebrate The Spirit – Religion
Center for Telangana Studies – Universities
Center for Traffic Statistics – Non-Profit Organizations
Change Tracking System – Military Chicago
China Travel Service- Companies & Firms
Chinese Television System – News & Media
Clinical Technical Support – Laboratory
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