Tag Archives: Cheque Truncation System

Cheque Truncation System in India – Northern Grid

After the success of CTS-Western Grid and CTS-South-Eastern Grid, NPCI will roll-out the Northern Grid. New Delhi will be the CH Centre for India’s youngest CTS Grid.

The exact composition of CTS-Northern Grid will be known in the coming months. Initially, the plan was to have only 2 Pan-India CTS Grids with New Delhi being a stand-alone model. However, with the cheque volumes only going up, and complexities involved in running 2 Grids for the whole country, the CTS-Northern Grid was conceptualized.

NPCI by default was the chosen agency for implementation of CTS-Northern Grid.

Common Disaster Recovery (DR) site for CTS for all the 3 Grids will be in Hyderabad.

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Bhopal welcomes Cheque Truncation System (CTS)

After Mumbai, Bhopal became the second centre in the western region to be introduced to a new way of banking. On Wednesday, new cheque truncation system (CTS-2010) went ‘live’ in the city, thus eliminating the need for physical movement of cheques for clearing.

Out of 54 major Banks in Bhopal, 14 Banks were ‘live’, on Day 1. The remaining 40 banks are expected to be live by Dec 13 end.

The major challenge would be for 8 Cooperative Banks in India, which do not have infrastructure and volumes to be direct CTS Members. They can opt for the Sub-membership route to join the CTS bandwagon.

The most interesting part of Bhopal’s history is the rule by a large line of Begums.

Tourists with an inclination for history can drop in at Bhimbetka – archaeological treasure house. Hemmed in by the northern fringe of the vindhya ranges, Bhimbethika : PaintingsBhimbetka lies 46 Km

CTS Grids in India – Uniting the Country

newcts

 

 

The CTS (Cheque Truncation System) Grid in India is playing an important role in uniting the country. In the long run, NPCI envisages that all of India, will be connected to any one of 3 clearing Grid i.e West (Mumbai), South (Chennai), North (New Delhi) with the DR site being in Hyderabad.

Readers might be surprised to know that Punjab too will be connected to the Southern Grid and not to the Northern Grid.

The position of CTS migration at various locations under South CTS Grid is as under. As on date, 100% migration has been achieved only in Chennai, with Bangalore, Hyderabad and Coimbatore closely behind.

 

 

Status of Sourther CTS Grid as on 01/05/2013

Sr.No State Location Total Banks Live Pending % of Banks

1

TN Chennai

66

66

0

100

2

KA Bangalore

76

75

1

99

3

AP Hyderabad

66

65

1

98

4

TN Coimbatore

55

54

1

98

5

KE Trivandrum

49

45

4

92

6

UT Chandigarh

49

44

5

90

7

WB Kolkota

59

52

7

88

8

TN Erode

44

36

8

82

9

KE Ernakulam

54

44

10

81

10

TN Madurai

46

37

9

80

11

TN Salem

51

41

10

80

12

UT Pondicherry

50

40

10

80

13

TN Tirupur

44

35

9

80

14

TN Trichy

45

33

12

73

15

KE Trichur

42

28

14

67

16

KE Kozhikode

45

30

15

67

17

TN Tirunelveli

44

27

17

61

18

KA Mysore

49

24

25

49

19

KA Hubli

53

25

28

47

20

AP Vishakapatnam

49

23

26

47

21

AP Vijayawada

50

23

27

46

22

KA Mangalore

57

26

31

46

23

KA Belgaum

56

22

34

39

24

PB Ludhiana

45

16

29

36

 

 

Mumbai CTS Grid live


ctssamplecheque

 

On 13th July, 2012, at a meeting conducted by NPCI Brihan-Mumbai Bankers’ Clearing House (BBCH), it was decided to operationalise the Western CTS Grid latest by 30th June, 2013.

Towards this end, on 27/04/2013, the Mumbai CTS went live.  8 BBCH (Brihan-Mumbai Bankers’ Clearing House) member banks are part of the Pilot run. More and more banks are joining the grid every week.

When fully operational, Mumbai CTS grid will cover 20 MICR centres of Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh and Goa. This would encompass almost 50% of pan-India inter-bank cheque clearing.

A large number of cooperative banks are present in Maharashtra and Gujarat, and there would be a major challenge to migrate these banks to CTS Clearing. However, the respective participants experience in other parts of India would be immensely beneficial in the CTS rollout.

The following is the list of 20 MICR centres which would eventually be part of the Western CTS Grid.

 

 

NAME OF THE CENTRE

BANK MANAGING THE CLEARING HOUSE

PIN CODE OF THE CENTRE

DISTRICT

STATE/UT

AHMEDABAD RESERVE BANK OF INDIA(BOB)

380015

AHMEDABAD GUJARAT
ANAND UNION BANK OF INDIA

388001

ANAND GUJARAT
AURANGABAD PUNJAB NATIONAL BANK

431001

AURANGABAD MAHARASHTRA
BHAVNAGAR BANK OF BARODA

364001

BHAVNAGAR GUJARAT
BHOPAL RESERVE BANK OF INDIA(CBI)

462011

BHOPAL MADHYA PRADESH
GWALIOR STATE BANK OF INDIA

474001

GWALIOR MADHYA PRADESH
INDORE STATE BANK OF INDIA

452004

INDORE MADHYA PRADESH
JABALPUR STATE BANK OF INDIA

482001

JABALPUR MADHYA PRADESH
JAMNAGAR BANK OF BARODA

361001

JAMNAGAR GUJARAT
KOLHAPUR PUNJAB NATIONAL BANK

416002

KOLHAPUR MAHARASHTRA
MUMBAI RESERVE BANK OF INDIA

400021

MUMBAI MAHARASHTRA
NAGPUR RESERVE BANK OF INDIA(PNB)

440018

NAGPUR MAHARASHTRA
NASIK STATE BANK OF INDIA

422002

NASIK MAHARASHTRA
PANJIM STATE BANK OF INDIA

403001

PANAJI GOA
PUNE UNION BANK OF INDIA

411037

PUNE MAHARASHTRA
RAIPUR STATE BANK OF INDIA

492001

RAIPUR CHHATTISGARH
RAJKOT BANK OF BARODA

370405

RAJKOT GUJARAT
SOLAPUR STATE BANK OF INDIA

413002

SOLAPUR MAHARASHTRA
SURAT STATE BANK OF INDIA

393003

SURAT GUJARAT
VADODARA STATE BANK OF INDIA

390002

VADODARA GUJARAT