05
Sep
2020

CTS Full Form – What is the Full Form of CTS?

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

Wrapping Up

In this post, I tried covering everything related to CTS including the CTS full form. Now it’s your turn. Give this nice post a favor by sharing it with your friends.

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1 Response

  1. September 6, 2020

    […] Suggested Read: CTS Full Form – What is the Full Form of CTS? […]

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