Cheque Truncation System

Cheque Truncation System

Experience modern and efficient banking with APCOB’s CTS (Cheque Truncation System) facility. Say goodbye to time-consuming physical cheque processing and embrace the

convenience of electronic cheque clearing. With CTS, your transactions are faster, more secure, and hassle-free, ensuring a smoother banking experience for all our valued customers.



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    1. What is Cheque Truncation System (CTS)?

    Answer: CTS is a system introduced by central banks to reduce the time taken for clearing cheques. Instead of physical movement, electronic images of cheques are transmitted for clearing, speeding up the process.

    2. How does CTS work?

    In CTS, the physical cheques are scanned, and the electronic images along with the MICR (Magnetic Ink Character Recognition) data are transmitted for clearing, eliminating the need for physical movement of cheques.

    3. What are the benefits of CTS?

    CTS offers benefits such as faster clearing times, reduced operational risks, elimination of geographical constraints, and more secure transactions due to electronic image transmission.

    4. Is CTS applicable to all types of cheques?

    Yes, CTS is applicable to all types of cheques including local, outstation, and even those with denominations above a specified limit.

    5. How long does it take for a cheque to clear through CTS?

    Cheques cleared through CTS usually clear within a day or two, significantly faster than the traditional clearing process.