Cheque Truncation System

Total Value of Cheque Transactions in India, by Month

The above graph represents the total value of cheque transactions in India by month. Cheque Truncation System (also known as Image-based Clearing System (ICS)) is the process of stopping the physical movement of cheques, issued by a drawer to the drawee branch....

Number of Cheques Cleared Through CTS in India, by Month

The above graph represents the total number of cheque transactions through CTS in India by month. India recorded about 89.67 million cheque-based transactions that cleared through CTS (Cheque Truncation System) in October 2019, as compared to 82.65 million transactions...

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