Banking · Cheque Truncation System (CTS)
In the Cheque Truncation System (CTS) clearing process, when is the return cycle typically completed after the corresponding presentation cycle?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The return cycle is completed two days after the presentation cycle.
- 2The return cycle is completed on the same day as the presentation cycle.
- 3The return cycle is completed on the following working day of the corresponding presentation.✓
- 4The return cycle is completed three days after the presentation.
Correct answer
The return cycle is completed on the following working day of the corresponding presentation.
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