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THE ARUNACHAL PRADESH STATE CO-OPERATIVE APEX BANK LTD

Sponsored By Goverment Of Arunachal Pradesh
Head Office: NAHARLAGUN, ARUNACHAL PRADESH, 791110 INDIA

IFSC CODE: YESB0ARCB01 (0 = ZERO) ATM COMPLAINING FORM EMI CALCULATOR C-PEC, BIRD Registration CD Ratio Calculator

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THE ARUNACHAL PRADESH STATE CO-OPERATIVE APEX BANK LTD

Sponsored By Goverment Of Arunachal Pradesh

Head Office: NAHARLAGUN, ARUNACHAL PRADESH, 791110 INDIA

IFSC CODE: YESB0ARCB01 (0 = ZERO) ATM COMPLAINING FORM EMI CALCULATOR C-PEC, BIRD Registration CD Ratio Calculator

Go Digital India

Today Is Thu, 21st Nov, 2024

Bank Is Implementing Govt Sponsored Schemes Only Like CMPVY, DEDS, NRLM, CMFMP, SHG, WCC and Cooperative Societies Bank Is Now Digitalisation, CBS, NEFT, RTGS, DBT Bank is also Implementing Social Security Schemes Like PMJDY, PMJJBY, PMSBY, APY etc Bank Has ATM, Micro ATM, Mobile Van ATM, ATM Cards for normal debit cards and PMJDY, Rupay ATM cards PFMS Is LIVE Deposit Of Govt. Departments QR CODE is enabled Bank do not ask for ATM Pin No or OTP, Please do not provide any information to any calls

NEFT/RTGS MICRO ATM ATM SERVICE SMS ALERTS QR CODE SIMsePAY POS e-COM AEPS DBT PFMS CTS CLEARING NACH MOBILE ATM VAN

CTS CHEQUE CLEARING

Cheque Truncation System (CTS)

Cheque Truncation System (CTS) is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for faster clearing of cheques. As the name suggests, truncation is the process of stopping the flow of the physical cheque in its way of clearing. In its place an electronic image of the cheque is transmitted with key important data.

Cheque truncation thus obviates the need to move physical instruments across branches. This effectively eliminates the associated cost of movement of physical cheques, reduces the time required for their collection and brings elegance to the entire activity of cheque processing. It is a system which is practised worldwide in the banking sector.

Cheque Truncation System (CTS) was introduced and implemented in the National Capital Region (NCR) in February ’08 on a pilot basis. The number 2010 in 'CTS-2010' is because the guidelines for Cheque Truncation System came up in the year 2010.


Since there is no physical movement of cheques, there is no fear of loss of cheque in transit. Usage of CTS cheques also means quicker clearance, shorter clearing cycle and speedier credit of the amount to your account. Depending on whether the cheque is local or outstation, the cheque can get cleared on the same day or within 24 hours.

The biggest advantage is that CTS-compliant cheques are more secure than old cheques and, hence, less prone to frauds. Also, as the system matures, it is proposed to integrate multiple locations and reduce geographical restrictions in cheque clearing.

Hence, there are chances of multi-city cheques getting cleared on the same day, going forward.

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Contact Us
The Arunachal Pradesh State Cooperative Apex Bank Ltd.
C/O: Managing Director
Head Office : Naharlagun
D-Sector, Apex Bank Building, Near Hathi Matha
Arunachal Pradesh - 791110
Phone No.
Email:- md@arunachalapexbank.com
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Tourism

OFFICIAL PARTNER OF DEPARTMENT OF TOURISM GOVERNMENT OF ARUNACHAL PRADESH

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