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What is CTS compliant demand draft. And how to get it sir .plz tell me for comedk


Akash Gupta 30th Jun, 2019
Answer (1)
nishant sharma 12th Jul, 2020

Hello Akash,

CTS demand draft refers to  cheque truncation system i.e used for fast cheques clearing. It is based on a cheque truncation or online image based where  cheque images and magnetic ink character recognition (MICR) data are captured at the collecting bank branch and transmitted.

For this you have to visit your bank and ask them to provide with that. Every bank has different process .

Hope it will help!


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