What is the full form of CTS?

Answer:

1) CTS: Cheque Truncation System

The full form of CTS is Cheque Truncation System. A Cheque Truncation System (CTS) is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for faster clearing of cheques. As the name suggests, truncation is the process of stopping the flow of the physical cheque in its way of clearing. In its place an electronic image of the cheque along with MICR number is sent to the drawee bank from the drawer bank.

The biggest advantage is that CTS-compliant cheques are more secure than old cheques and, hence, less prone to frauds. Also, as the system matures, it is proposed to integrate multiple locations and reduce geographical restrictions in cheque clearing. Hence going forward, there are chances of multi-city cheques getting cleared on the same day.

2) CTS: Clear to Send

Another full form of CTS is Clear to Send. It is a flow control signal or mechanism in RS-232 standard. It indicates that a line or device is ready for data transmission e.g. ready to move. It makes use of two further pins on the RS232 connector. CTS signal is sent in response to RTS (Request of Send) flow control signal. The RTS signal is sent by the sending device to tell the receiving end to get ready to receive or set its CTS line when it is ready. When the receiving end is ready to receive, it sends the CTS signal to tell the other end to send the data. Thus, CTS and RTS allow the receiver and the transmitter to alert each other before initiating the data transmission. The advantage to this approach is that damaging data in transit does not affect the flow control mechanism (as in Xon/Xoff).

3) Other Full Forms of CTS