A Proposed Model for Cheque Truncation System

The Cheque Truncation Technology (CTS) is an image-based cheque clearing system that speeds up the process of clearing checks. To amend cheque data, the bank's cheque process necessitates a significant amount of manual hours and labour. Our planned system can alter the task with machine learning. Reducing man-hours on heavy task of cheque conversion and building cheap system for it. Experimental results demonstrate that the planned methodology with success provides high degree of accuracy to produce general understanding of downside. Cheque Truncation System solves the current problems that are being faced in banking institutions and brings ease to the whole activity of cheque technique & clearing and offers numerous edges to banks like time and price savings, value effectiveness, in conjunction with human resource rationalization, business technique re-engineering and exaggerated shopper service. Cheque Truncation may well be a safer system than this exchange of physical documents throughout that the cheque moves from one place to a different, thus, not solely making delays however together inconvenience to the customer just merely simply just in case the instrument is lost in transit or manipulated throughout the clearing cycle.