Module: | CTS & Positive Pay Framework
Q11: Consider the following statements regarding the "One National CTS Grid" operationalized by the Reserve Bank of India:
1. It was operationalized in October 2023.
2. It replaced the earlier system of three separate grids based in New Delhi, Mumbai, and Chennai.
3. Under this system, every CTS-2010 cheque is technically treated as a local cheque regardless of the clearing location.
2. It replaced the earlier system of three separate grids based in New Delhi, Mumbai, and Chennai.
3. Under this system, every CTS-2010 cheque is technically treated as a local cheque regardless of the clearing location.
✅ Correct Answer: D
The "One National CTS Grid" was operationalized in October 2023, consolidating the previous three regional grids (Delhi, Mumbai, Chennai). Its primary operational impact is that all CTS-2010 cheques are treated as local, eliminating inter-city clearing delays.