RBI asks banks to implement image-based Cheque Truncation System in all branches by September 30

The CTS is in use since 2010 and presently covers around 1,50,000 branches. All the erstwhile 1,219 non-CTS clearing houses (ECCS centres) have been migrated to CTS effective September 2020.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2Q84Peu