Ans: Speed clearing speeds up the cheque collection process compared to outstation cheque collection. But it still requires the presence of the paying bank branch at the clearing house location. Grid-based CTS, on the other hand, is a superior system. Moreover, as it covers a greater geographical region, the chances of a paying bank not having a presence in the grid location are rare. Inside the grid jurisdiction, all cheques that are drawn on branches of a bank are considered and cleared as local cheques under the grid-based Cheque Truncation System clearing. Therefore, cheque collection charges, considering Speed Clearing Charges, shall not be applied if the collecting and paying banks are present within the same CTS grid, even if they are in separate cities.