What is the full form of CTS?

1). CTS:- Cheque Truncation System

cts ka full form

The complete form ofCTSIsCheque Truncation Systems. The Reserve Bank of India (RBI), which is responsible for clearing cheques faster, has created the Cheque Truncation System. Truncation, as the name implies, is the stopping of the flow of a physical cheque from clearing. An electronic image of the check along with the MICR number is substituted. This information is sent from the drawer bank to the drawee bank.

CTS-compliant checks are safer than older cheques, and therefore less susceptible to fraud. As the system matures it is possible to integrate multiple locations and decrease geographical restrictions in check clearing. Multi-city cheques could be cleared simultaneously in the future.

A Brief History

  1. In February 2008, the Reserve Bank of India launched the CTS in New Delhi’s National Capital Region.
  2. It was inaugurated in Chennai in September 2011.
  3. The RBI had decided that only CTS2010 cheques would be cleared by banks starting in August 2013. This deadline was extended to 31/12 2013 in July 2013.

CTS has many benefits

  1. It reduces the time, effort and money involved in physical cheque movement.
  2. Customers receive better service because the cheques clear quicker.
  3. It increases the efficiency of banking systems.
  4. This reduces fraud in clearing cheques.
  5. There is no need to be afraid of losing your cheques during transit
  6. There are no geographical restrictions

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2) CTS: Clear to Send

Another complete form ofCTSIsSend ClearIt is a flow control signal or mechanism in RS-232 standard. It is a flow control signal, or mechanism, in RS-232 standard. This indicates that the line or device is available for data transmission, e.g. It indicates that the device or line is ready for data transmission. It uses two additional pins from the RS232 connector. The CTS signal is sent as a response to RTS flow control signal. RTS signals are sent by the sending device to inform the receiving end that it is ready to receive the data or to set its CTS line once it is available. The CTS signal is sent to the other end when the receiving end is ready for data transmission. CTS and RTS are used to notify the receiver and transmitter of each other’s readiness to receive data before initiating transmission. This approach has the advantage that data damaged in transit will not affect flow control (as in Xon/Xoff).

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3) Other Full Forms of CTS

Full FormCategory
C T S CorporationNYSE Symbols
Cadet Training ShipShipping & Sailing
Cadillac Touring SedanTransportation
Call The ShotsGeneral Business
Call Tracking SystemTelecom
Canada Treaty SeriesUS Government
Candidate Tracking SystemPolitics
Cardio-Thoracic SurgeryPhysiology
Career Technology StudiesUniversities
Careflow Transcription SuiteSoftware
Carmichael Training SystemsCompanies & Firms
Carpal Tunnel SyndromePhysiology
Cash To SpendAccounting
Catera Touring SedanTransportation
Celebrate The SpiritReligion
Center for Telangana StudiesUniversities
Center for Traffic StatisticsNon-Profit Organizations
Center for Transportation StudiesTransportation
Central Travel SummaryTransportation
Certified Technology SpecialistOccupation & Positions
Certified Temporary SpecialistOccupation & Positions
Certified Temporary StaffingOccupation & Positions
Certified Trauma SpecialistOccupation & Positions
Change Tracking SystemMilitary
Chicago Telephone ServiceCompanies & Firms
Child Transport SystemProducts
China Travel ServiceCompanies & Firms
Chinese Television SystemNews & Media
Christ the ShepherdGeneral
Christian Team ServerReligion
Christian Theological SeminaryReligion
Classroom Technology ServicesUniversities
Clinical Technical SupportLaboratory
Cluster Testing SystemNetworking
Cognizant Technology SolutionsSoftware
Collaborative Testing ServicesGeneral
Combined Trading SystemStock Exchange
Commercial To SpaceNASA
Commodity Transportation SurveyTransportation
Common Targeting SystemMilitary
Common Type SystemProducts
Communication Terminal SynchronousNetworking
Communications and Tracking SystemNASA
Communications Technology SatelliteOcean Science
Community Television StationNews & Media
Compact Touring SedanTransportation
Compatibility Test SuiteGeneral
Component Transaction ServerNetworking
Compulsive Travellers SyndromeHuman Genome
Compulsive Traveller’s SyndromePhysiology
Computer and Technology ShowcaseConferences
Computerized Training SystemNASA
Conflict Tactic ScaleMilitary
Conformance Test SystemGeneral Computing
Consolidated Tape SystemHardware
Consolidated Technology ServicesTechnology
Construction Testing ServiceConstruction
Contact Test SetMilitary
Conveyorized Two StationProducts
Coolant Temperature SensorChemistry
Copper Tube SizeProducts
Cordless Telephone SystemTelecom
Cordless Tools StoreCompanies & Firms
Corporate Translation ServicesInternational Business
Corporate Transportation SpecialistTransportation
Correspondence Tracking SystemFDA
Critical Thinking SkillsEducational
Cross Table SamplingMathematics
Crossroads Television SystemNews & Media
Customer and Trading SupportGeneral Business
Cylinder Tine SeparationProducts
cts full form in banking

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