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Understand What CTS Is


Cheque Truncation System (CTS) is a method of clearing checks electronically rather than physically processing the cheque as it travels to the paying bank branch. The Reserve Bank of India (RBI) has taken this move to expedite cheque clearing. CTS came to action in New Delhi, Chennai, and Mumbai on February 1, 2008, September 24, 2011, and April 27, 2013, respectively. The old MICR-based check processing has been halted across the country following the transfer of the entire cheque volume from the MICR system to the CTS. 


Cheques collection:

Cheques are collected from customers and delivered to their corresponding service branch at a predetermined time.

Data Collection:

The service branch captures the data (such as MICR code, check number, amount, etc.) and captures pictures of a cheque using their Capture System (which includes a scanner, core banking or CTS application) and fulfills the specifications and standards for data and image. After the required information of the check is safely sent to the Clearing House Interface (CHI), the actual clearing settlement occurs from CHI to CH.

Data Security:

End-to-end Public Key Infrastructure (PKI) has been deployed in CTS to assure data security, safety, and non-repudiation. However, as part of the requirement, the collecting bank (presented bank) delivers the signed and encrypted data and collected pictures to the central processing facility (Clearing House) for transmission to the paying bank (destination or drawee bank).

CHI and Presentation Clearing:

For the purpose of participation, the presenting and drawee banks are given an interface/gateway known as the CHI, which allows them to connect and communicate data and pictures to the Clearing House securely and safely (CH). The Clearing House analyzes the data, calculates the settlement amount and sends the pictures and other data to the drawee banks. This is known as presentation clearing.

The payment process and Completion of the cycle:

The drawee banks receive the pictures and data through their CHIs from the Clearing House for payment processing. The drawee Cheque Truncation System also creates the return file for any unpaid instruments. The return file/data submitted by the drawee banks are processed by the Clearing House in the return clearing session in the same way as presentation clearing, and return data is delivered to the presenting banks for processing. Once the presentation clearing and associated return clearing sessions are properly handled, the clearing cycle is considered complete.


The benefits to the customers of the bank can be summarized as follows:

  1. The clearing cycle is now shorter.
  2. Process of verification and reconciliation that is superior
  3. There are no geographical limitations to jurisdiction.
  4. Banks and consumers both benefit from operational efficiency.
  5. Reduced operational risk, as well as the hazards associated with paper clearance
  6. There are no collection fees for cheques drawn on a bank within the grid.

Banks and customers should utilize “CTS 2010” cheques, which are more image-friendly and enhanced security measures. Customers can ask/demand that their banks provide them with “CTS 2010” compliant cheque formats. They should select image-friendly coloured inks when writing cheques and prevent revisions or edits. In the case of any changes or corrections, a new cheque leaf should be used because the check will be cleared using an image-based clearing method.

Banks should use caution when affixing stamps to cheque forms so they do not interfere with important information such as the date, payee’s name, amount, and signature. The usage of rubber stamps, for example, should not overpower the clear presentation of these key picture components. All vital characteristics of a cheque must be recorded in an image during the scanning process, and banks and clients must take proper precautions in this respect.


A cheque truncation system encourages the electronic processing of a check using Magnetic Ink Character Reader (MICR) data and a scanned picture. There is no need for a physical check. You can get in-depth information and understanding about CTS in our online banking course. Aspiring Banker’s Postgraduate Certificate in Retail Banking course is all you need to get ready for banking sector.

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How to get job in private sector banks?

Planning a career in banking ensures you stability in finances and job. The growing enthusiasm for private banks and the associated jobs allow budding bankers to develop their passion for banks. Seeking a bank job requires knowledge and guidance about the eligibility and application process, and we are here to help you. This article will give you in-depth knowledge about how to get a job in private banks and different aspects respectively. Let’s dive into the private bank jobs. 

Private Banks are developing quicker in India than Public Sector banks. Aspiring candidates for private banks could go through different banking courses accessible and get an additional edge over the others during recruitments. They ought to comprehend the recruitment process of various private banks. This information is compiled in this article thoroughly.

What do you need to know about Qualifications?
-A more significant part of private banks require candidates who have earned their four years degree. You ought to be cautious while picking your graduation subjects after 10+2 as most banks typically favor a degree in finance, accounting, business, or economics. Consider chasing after advanced education or gaining certificates in banking-related subjects to work on your possibilities of getting into private banks and procuring a more significant salary. 

An MBA in banking, for instance, can assist you with getting recruited for high banking positions. You could get a diploma in banking to assist you with propelling your job. On their work entries, most commercial banks post their employment opportunities. You can likewise glance through bank vacancy pages. Each bank work has its arrangement of qualification necessities. A few positions require a secondary school diploma, while others might request an MBA or other related post-optional instruction. 

What is the basic Recruitment process in Private Banks?

-Numerous commercial banks conduct a test to evaluate your general aptitude capacities. A group discussion and an interview typically trail this. The recruiting system contrasts starting with one bank and then onto the next. One bank might incline toward candidate psychometric profiling, while another may favor a group discussion. Thus, visit the sites of each bank to study their employment procedures. Many private banks will believe you should sign a bond for one to two years. A candidate cannot leave before the bond is finished. Before marking the service bond, read the agreements.

How will Aspiring Bankers make you bank-ready?
-These days the banking sector is providing a high amount of employment, justifying why it is known as the backbone of the Indian economy. Many passionate candidates aim to ensure their careers in the banking sector. We are determined to guide them to success by teaching the following crucial factors that will help you get your desired job in a private bank.

  • Hacks to crack the Interview:
    Confidence is the backbone of a candidate during an interview. Candidates need to introduce themselves before the meeting board to persuade the board about their capacities to turn into the essence of the bank like they can manage the clients effectively and be a valuable asset. We secure our strengths by making you learn essentials like the most effective 31 questions in an interview and see you shine with confidence and knowledge. The preparation, strategy, and hacks will land you a job in private banks in the present scenario, and we, through our course, teach you for ultimate success.
  • The guidance of Experts:
    Gursimran Singh Oberoi, an engineer by profession and an entrepreneur by passion, established the one-of-a-kind online banking platform that trains fresh graduates to be employed explicitly in banks. He is the founder and managing director.” I feel that rather than theoretical learning, education shall be knowledge-based. Hence I came up with a solution; Aspiring Bankers, where we train young graduates and get them ready to work in the Banking Industry.” His vision is supported by experienced bankers like Jasbir Singh, Retd General Manager Oriental bank of commerce.
  • Analysis of the banking Sector at present:
    The interested applicants who need to desire private banks need to comprehend that these banks are searching for splendid and skilled candidates with a futuristic approach and are devoted to building the bank’s interest. Resume building and learning secrets are also essential to grow professionally and financially in private banks. To know more on how to get a job in private sector banks, click here.We wish you the very best in your banking journey.
How to Prepare for Banking Exams

5 Time Management Tips to Crack Bank Exams!

Exam time! We are sure that the moment you must have read this, the entire experience of D-Day would have come to your mind. Some might remember it as a day of fear, success, extreme pressure, failure or a combination of all.

Let us stop for a second and think why such extreme emotions trigger in the mind during a bank exam? Well, it is because of having an unorganized mindset just before the exam and during the exam.

How can we have a relaxed and organized mindset that is not thinking about how to crack bank exam all the time? The answer lies in time management before the exam and during the exam. While you have a chance of improving yourself before an exam but during an exam, you do not have a second chance. 

So, let us today focus on how we can manage our time during the exam time that helps us stay calm and composed, leading to better results eventually.


Getting Ready for the Exam Day 

It is imperative to get ready both physically and mentally before appearing for a bank exam, and the following activities will help you achieve the same:

  • Get Enough Sleep

Your body needs a good amount of rest before the exam day. So, make sure you sleep on time and take at least 8 hours of sleep before waking up.

  • Stop Studying after Getting Up

Studies throughout the world have proved that it is better to let your brain remember what you have studied earlier rather than feeding it with more information and pressurizing it further on exam day.

  • Eat Healthy Foods

Eat healthy foods like fresh vegetables and fruits that provide you with the best of nutrients to boost your energy and brain activity.

  • Exercise/Medidate/Pray

Do any of the above as you like but a combination of all these will help you in calming your mind and enhancing your mental health in the best possible manner.

  • Believe in Yourself

Firmly believe in yourself and be confident of your preparation. This will help you in keeping all stress at bay before leaving for the bank exam.

5 Time Management Tips during Bank Exams

  • Go Through the Entire Paper First

First of all, go through the entire paper and see how many different sections and questions are there in total, along with assessing their difficulty level. You can even mark the questions as easy, moderate or difficult as you go through the paper, sorting things for you at large.

  • Work on Time Allotment

See how much time you are left with after going through the paper. Now, allocate time to different sections carefully. You need not divide equal time to all sections as you can also allocate more or less time to a section according to its difficulty level.

  • Answer the Easy Questions First 

There is no such rule that says you have to go from question no. 1 to the last one. Start solving the questions that you have marked as easy. This will not only assure you of early marks but also make you confident while solving difficult questions since you will be left with more time.

  • Watch the Clock!

After solving a few questions, make sure you keep an eye on the clock. This will help you in knowing how much time you are actually spending on the questions, how much time you are left with, and how much time you need to save for the highest mark questions.

  • Leave At Least 10 Mins for Revision

Believe it or not, mistakes are bound to happen during an exam since to err is human. You must allocate the last 10 minutes for revision since this will help you in figuring out mistakes and rectifying them. Revision alone can help you gain more marks by correcting answers as compared to answering 1 or 2 new questions.

Wrapping Up

We hope you have got a clear idea of managing your precious time during a bank exam. Staying calm and composed during an exam is the way to manage your time better and put in your best efforts eventually. So, make sure you follow the above-mentioned tips for not only managing your time well but also for keeping your physical as well as mental health intact that are equally important for your exam’s success.

We wish you all the best for your bank exams and hope you get selected in one of the leading Indian banks. However, in any case, if you fail to pass the exam or crack the interview, you need not get depressed as the banking sector has a lot to offer. You can get certified in various banking courses and gain entry into the banking system based on the same. Once you are inside the bank, the sky is the limit for you!

In case you are searching for a digital banking course certification, we suggest going with Aspiring Bankers. It is India’s first and the only bank e-learning portal that has got numerous candidates placed in leading banks after their successful certifications. For details, contact us on +91-7299-0000-62 reach us at: