Procedural Guidelines For Cheque Truncation System (CTS)

Chennai Bankers Clearing House (CBCH) Procedural Guidelines For Cheque Truncation System (CTS) Version July 2018 2 Contents Sl. No. Chapter Subject Page From To 1 I Introduction 4 7 Jurisdiction 5 5 Clearing Timings 5 6 Applicability of Guidelines 6 7 Audit by NPCI 7 7 2 II Overview of Clearing Procedure under Truncation Environment 8 10 Point of Truncation 8 8 Settlement 8 8 Government Cheques 8 8 Digital Signatures 8 8 Use of Dedicated Secure Network 9 9 Storage and Archiving System 9 9 Scanning Standards 9 10 3 III Presentation Clearing Procedure at the Presenting Branch 11 19 Preliminary Verification 11 11 Sorting of Instruments 11 12 Crossing 12 12 Capture of Images and Data 12 12 Reject Repair and Balancing 12 13 Endorsement 13 13 Represented Cheques 13 14 Validations 14 14 Government Cheque Validation 14 14 Master Table Synchronization 14 14 Image

Illustrative tim e -line dr a w ing of the clear ing c ycle for C T S in Ch e nn a i Ban k ers’ Cl e ar ing H ouse (C B CH) Ann exure VI RBI Circular on Dispute R so lu tion Me c h a n is m 45 48 Ann e xure VII RBI Circular on Settlement & Defa u lt Ha n d ling Proc e du res 49 54 Annexure VIII Indicati v e che c klist for presen ting banks ...

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