CTS Clearing (Cheque Truncation System)

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

ECS (Electronic Clearing Service)

• 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 payments of amounts toward the distribution of dividends, interest, salary, pension, etc.
• ECS is also used for bulk collection of amounts towards telephone/electricity/water dues, cess/tax collections, and loan installment repayments