Check Truncation System (CTS) is a check clearing framework embraced by the Reserve Bank of India (RBI) for speedier clearing of checks. As the name recommends, truncation is the way toward ceasing the stream of the physical check in its method for clearing.

SBI's Check Collection Policy-2015 has been figured as an extensive record with straightforwardness, covering following perspectives, considering our mechanical capacities, frameworks and procedures received for clearing game plans and other inward game plans for gathering through various strategies. The Policy takes sufficient care to guarantee that the interests of little contributors are completely ensured and is in accordance with the IBA's model approach on Collection of checks/instruments.

The technique for gathering of household checks/instruments and global instruments have been incorporated in this, which, bury alia, joins the accompanying:

an) Established strategy for gathering of Bank's own checks (neighborhood and outstation).

b) Collection of checks from our branches and branches of different banks.

c) Reduced time span for accumulation of outstation/nearby checks drawn on branches of the Bank

d) Penalty for deferred gathering for neighborhood/outstation checks in a dynamic way

e) Amounts of checks upto which prompt credit is to be given.

Check clearing process under reconsidered situation of CTS based clearing framework.

The printing of IOI instruments is additionally now relocated on "CTS-2010 standard" stage.

Check Truncation System (CTS) is by and by working at Northern framework in Delhi, Southern Grid in Chennai and Western lattice in Mumbai.

States/Circles covered in Grid based CTS-2010 centres



After presentation of these unique sessions for non-CTS checks, drawee bank restores the non-CTS checks, if exhibited in normal CTS clearing, with reason "37-introduce in appropriate zone", which should be re-displayed by the gathering bank in the prompt next uncommon clearing session.

RBI has coordinated that no progressions/rectifications ought to be done on the checks. For any adjustments in the payee's name, kindness (sum in figures) or legitimate (sum in words) and so on crisp cheque structures ought to be utilized by clients. This will help Banks to distinguish and control false adjustments. Gathering banks need to guarantee that such checks are not acknowledged for introduction in CTS. It is not pertinent to checks cleared under other clearing game plans, for example, MICR clearing, non-MICR clearing, over the counter gathering (for money installment) or direct accumulation of checks outside the Clearing House Arrangement.

Clearance of Govt. check is by and by under "paper to take after" framework at CTS and other clearing focuses. Be that as it may, RBI proposes to present CTS for Govt. Checks moreover. Endless supply of RBI guidelines the Bank would adjust its frameworks reasonably.