Cheque Truncation System (CTS)
GPTKB entity
Statements (24)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:city
|
| gptkbp:appliesTo |
All banks in India
|
| gptkbp:benefit |
Cost efficiency
Lower fraud risk Reduced clearing time |
| gptkbp:category |
Banking technology
|
| gptkbp:country |
gptkb:India
|
| gptkbp:enables |
Same-day cheque clearing
|
| https://www.w3.org/2000/01/rdf-schema#label |
Cheque Truncation System (CTS)
|
| gptkbp:introduced |
gptkb:Reserve_Bank_of_India
|
| gptkbp:introducedIn |
2010
|
| gptkbp:mandate |
gptkb:Reserve_Bank_of_India
|
| gptkbp:processor |
Electronic transmission of cheque images
Scanning cheque images |
| gptkbp:purpose |
Faster cheque clearing
|
| gptkbp:region |
Pan-India
|
| gptkbp:regulates |
gptkb:Reserve_Bank_of_India
|
| gptkbp:relatedTo |
Banking automation
Cheque clearing |
| gptkbp:replacedBy |
Physical movement of cheques
|
| gptkbp:standardizedBy |
CTS-2010 standard
|
| gptkbp:uses |
Image-based clearing
|
| gptkbp:bfsParent |
gptkb:NPCI
|
| gptkbp:bfsLayer |
7
|