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  >>CTS » Benefits


Customer Service

  • Extended cut off time for acceptance of Customer Cheques by banks
  • Easy retrieval of information
  • Reduced timelines for clearing

Operational Benefit

  • MICR amount encoding not required
  • Reconciliation difference eliminated - MICR and Image data travel together
  • No cheques being lost/tampered/pilfered
  • No risk of any manipulation of data and image during transit
  • CTS 2010 standards leading to enhanced security and automation

Commercial Benefit

  • Cost involved in paper movement eliminated
  • Grid implementation allowing better liquidity management for banks

Fraud Prevention Mechanism Provided

  • Manipulation of data and image during transit is prevented by digital signature / encryption.
  • CTS 2010 standards lead to enhanced security (Pl refer to attached NPCI circular for CTS 2010 standard)
  • MICR reject repair flag

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