"Cheque Truncation System." It is an initiative by the Reserve Bank of India (RBI) to make cheque clearing more efficient and reduce the time taken in cheque processing.

• The main objective of CTS is to eliminate the physical movement of cheques for clearing and streamline the cheque clearing process by using electronic images.
• Eliminates the need for physical movement of cheques, thereby reducing the time taken in clearing and settlement from days to hours.
• Risks associated with physical handling of cheques, such as loss, theft or fraud, are reduced.
• Provides faster credit of funds to customers, as the clearing process is expedited