CTS Inward Clearing Process

  1. Check the total number of cheques and amount received from central server is correct or not
  2. Take the inward cheques data(cheque image,account number,MICR code) and upload the same in CBS for further processing.
  3. Verify the signature on the cheque against the one available in the master data.
  4. In cases were the images are not clear then the paying bank can request the presenting bank to send the original instrument for processing.
  5. Pick up all the physical cheques that are to be received under paper to follow process. Paper to Follow
  6. After processing all cheques mark return if any in CBS as well in CTS application.
  7. Tally the amount received in nominal account of Bank with CTS cheque amount along with return amount.

2 Comments

To be published, comments must be reviewed by the administrator .

Post a Comment

To be published, comments must be reviewed by the administrator .

Previous Post Next Post