Nanded goes Live on CTS – Western Grid

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          Banking customers in Nanded are finally able to experience the benefits of Cheque Truncation System.

          The first set of locations in Western Grid went live on CTS in mid-2013. Since then a number of locations have migrated from MICR and ECCS based clearing to CTS.

          However, Nanded joined the CTS Western Grid only in the first week of April 2018.  The official confirmation of commencement of CTS in Nanded City is through NPCI Circular Dt.11th April, 2018 regarding commencement of “Paper to Follow” center at Nanded.

          One of the most important processes of CTS is the physical setup of a “Paper to Follow” center. Issuance of circular by NPCI regarding commencement of “Paper to Follow” center, is a sure shot indicator of CTS clearing in that particular location.
         
Nanded is a city in Maharashtra state, India. It is the eighth largest urban agglomeration of the state and the eighty-first most populous city in India. It is the second largest city in Marathwada subdivision



Additional Reading:

CHEQUE TRUNCATION SYSTEM – WESTERN GRID-GO LIVE APRIL 13


CHEQUE TRUNCATION – PAPER TO FOLLOW (P2F) WORKFLOW


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