CTS Clearing (cheque Truncation System)

ECS (Electronic Clearing Service)

  • CTS processes Inward and outward Cheques
  • Physical movement of the instrument is stopped, only images are send to Clearing house.
  • The electronic movement of images can facilitate reduction in the clearing cycles.
  • There is no fear of loss of instruments in transit.
  • It provides superior verification and reconciliation process
  • Reduction in operational risks.

  • ECS is an electronic mode of payment / receipt for transactions that are repetitive and periodic in nature.
  • ECS is used by institutions for making bulk payment of amounts towards distribution of dividend, interest, salary, pension, etc.
  • ECS is also used for bulk collection of amounts towards telephone / electricity / water dues, cess / tax collections, loan installment repayments