Question
In the banking parlance, CTS stands for
–Solution
CTS is a project undertaken by the RBI to ensure that faster clearing of cheques. In this method, the physical instrument does not move but the images are forwarded along with the MICR line of the cheque. Such cheques compliant with the CTS standards are less prone to any kind of frauds because of involvement of computer verification.
Choose the correct answer to fill the given blank
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