CTS Service

CTS Service (Cheque Truncation System)

In keeping with modern banking innovations and customer convenience, The Kheda People's Co-Operative Bank Ltd. proudly offers Cheque Truncation System (CTS) services — a secure, faster, and efficient method of cheque clearing.

What is CTS?

The Cheque Truncation System (CTS) is an initiative by the Reserve Bank of India (RBI) for faster and secure cheque clearance. Instead of physically moving cheques from one bank to another, CTS enables the digital transmission of cheque images and data, reducing the time and cost involved in traditional cheque clearing.

Benefits of CTS with Our Bank:

• Faster Clearance – Enjoy quicker realization of funds with reduced processing time.
• Safe and Secure – Ensures higher security through encrypted digital transmission of cheque images and details.
• No Physical Movement – Saves time and effort; no more delays due to courier or postal issues.
• Improved Customer Service – Faster cheque processing means quicker access to funds and seamless banking experience.

How It Works:

• Cheque Deposit: You submit your cheque at any of our bank branches.
• Image Capture: The cheque is scanned, and its digital image along with MICR data is securely captured.
• Electronic Transmission: This data is securely transmitted to the clearing house and the presenting bank electronically.
• Quick Settlement: Once verified, the cheque is cleared and funds are credited to your account.

Why Choose Us for CTS?

At The Kheda People's Co-Op Bank Ltd., we prioritize technological advancement while maintaining trust and transparency. Our CTS integration is part of our commitment to provide faster and smarter banking services to our customers.