Cheque Truncation System (CTS)


Cheque Truncation System (CTS) is a cheque clearing system undertaken by Reserve Bank of India (RBI) that aims at reducing the time involved in cheque clearing to one day. Thus, it is considered as the major landmark in the Indian Banking industry.

As per the revised RBI Guidelines, the deadline of use of non CTS compliant cheques have been further extended till 31st December 2013.

How does it work

Cheque Truncation System is an online image-based cheque clearing system which involves scanning of cheque images and subsequent electronic movement / replication of these images within the system for processing and clearing of cheques.

Impact of CTS on people issuing Cheques

  • Handling EMIs for ongoing Loan: Customers now have to issue the new cheques (CTS compliant) for the payment of monthly installment towards an ongoing loan.
  • Encashment of Old Cheques: If you have an old cheque then you should get it encashed before CTS is implemented to get it honoured.
  • Cancellation of Old Cheque Books: The customers need to surrender their old cheque books and apply for fresh CTS complaint cheque book. There will be replacement fee charged by the bank.
  • Further there is no change in the process of issuing cheques for the customers; however cheques that have been altered or modified will not be permissible in the new system.

Benefits of using ChequeMan for CTS-2010 Cheques

  • Cheques printed from ChequeMan are 100% CTS complaint.
  • Properly printed cheques are more scan friendly.
  • The chance of cheques getting dishonoured / bounced due to new CTS rules is almost zero.
  • Consistency in print quality and ink.
  • It prints error free, with no overwriting and no correction, cheques.
  • We write cheques prior to entering in accounts - as such could not print cheques using Tally software. With ChequeMan now we are easily printing cheques.

    Hemant Saraogi
    KIG Kraft, Kolkata

  • Our cashier who has hardly used computers before is now printing cheques with your software and is simply overjoyed with the convenience it provides.

    CA Sunayana Agarwal

  • Once we tried using a software but stopped as setting up new cheque formats was a pain. The feature of web import of cheque formats in ChequeMan is just amazing.

    Mahesh Rungta
    K.P. & Associates, Mumbai

  • After using ChequeMan … I will never like to write cheques again by hand. One has to use to believe how convenient it has become to prepare cheques.

    Harsh Saraf
    Daffodil Group

  • With smart looking printed cheques, our stature has enhanced with our vendors and employees. It is always a pleasure using ChequeMan.

    Vikas Goyal
    TGI Packaging, Chennai

  • Preparing cheques using your software is very simple and easy. Moreover, we really appreciate your helpdesk for prompt assistance.

    Rajnikant Kedia
    Insta Exhibitions (P) Ltd., Mumbai

  • Often we need to prepare cheques with blank name or amount. We were happy to see this facility in ChequeMan and has been using it ever since.

    Mr. Rakesh Shah
    Nipha Exports (P) Ltd., Kolkata

  • ChequeMan is one of the best Cheque Printing we were able to find for our clients. All customer feedback we get have been positive.

    Ankit Dudhwewala