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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.
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).
Full Form | Category |
C T S Corporation | NYSE Symbols |
Cadet Training Ship | Shipping & Sailing |
Cadillac Touring Sedan | Transportation |
Call The Shots | General Business |
Call Tracking System | Telecom |
Canada Treaty Series | US Government |
Candidate Tracking System | Politics |
Cardio-Thoracic Surgery | Physiology |
Career Technology Studies | Universities |
Careflow Transcription Suite | Software |
Carmichael Training Systems | Companies & Firms |
Carpal Tunnel Syndrome | Physiology |
Cash To Spend | Accounting |
Catera Touring Sedan | Transportation |
Celebrate The Spirit | Religion |
Center for Telangana Studies | Universities |
Center for Traffic Statistics | Non-Profit Organizations |
Center for Transportation Studies | Transportation |
Central Travel Summary | Transportation |
Certified Technology Specialist | Occupation & Positions |
Certified Temporary Specialist | Occupation & Positions |
Certified Temporary Staffing | Occupation & Positions |
Certified Trauma Specialist | Occupation & Positions |
Change Tracking System | Military |
Chicago Telephone Service | Companies & Firms |
Child Transport System | Products |
China Travel Service | Companies & Firms |
Chinese Television System | News & Media |
Christ the Shepherd | General |
Christian Team Server | Religion |
Christian Theological Seminary | Religion |
Classroom Technology Services | Universities |
Clinical Technical Support | Laboratory |
Cluster Testing System | Networking |
Cognizant Technology Solutions | Software |
Collaborative Testing Services | General |
Combined Trading System | Stock Exchange |
Commercial To Space | NASA |
Commodity Transportation Survey | Transportation |
Common Targeting System | Military |
Common Type System | Products |
Communication Terminal Synchronous | Networking |
Communications and Tracking System | NASA |
Communications Technology Satellite | Ocean Science |
Community Television Station | News & Media |
Compact Touring Sedan | Transportation |
Compatibility Test Suite | General |
Component Transaction Server | Networking |
Compulsive Travellers Syndrome | Human Genome |
Compulsive Traveller’s Syndrome | Physiology |
Computer and Technology Showcase | Conferences |
Computerized Training System | NASA |
Conflict Tactic Scale | Military |
Conformance Test System | General Computing |
Consolidated Tape System | Hardware |
Consolidated Technology Services | Technology |
Construction Testing Service | Construction |
Contact Test Set | Military |
Conveyorized Two Station | Products |
Coolant Temperature Sensor | Chemistry |
Copper Tube Size | Products |
Cordless Telephone System | Telecom |
Cordless Tools Store | Companies & Firms |
Corporate Translation Services | International Business |
Corporate Transportation Specialist | Transportation |
Correspondence Tracking System | FDA |
Critical Thinking Skills | Educational |
Cross Table Sampling | Mathematics |
Crossroads Television System | News & Media |
Customer and Trading Support | General Business |
Cylinder Tine Separation | Products |
Posted on 28 Apr 2022, this text provides information on Banking Full Forms in Business Studies related to Business Studies. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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