While downloading a bank statement, you may come across the term inst. Don't get confused looking at it. The INST full form in banking is instruction. Now, that we know what is INST in bank statement, let us learn about the process. Get home loans at the lowest interest rate through NoBroker INST is known as the instrument and it is nothing but a cheque or DD with a clearing cheque number. In a cheque, magnetic ink is used which the clerk puts through the machine. This machine saves the data. Later the scanned image of the cheque is sent to the clearing house. If everything seems good, the amount of the cheque is credited. The system through which the cheque is cleared is known as CTS. CTS is the process of clearing cheques electronically rather than processing the physical cheque by transferring it to the other bank. This is a step taken by the Reserve Bank of India. CTS offers various benefits such as human resource rationalisation, business process re-engineering, cost-effectiveness, adoption of the latest technology, etc. CTS is more beneficial because it has security features such as watermarks and bank’s logo printed using special ink that’s visible only under UV scanners. I hope you understand the meaning of INST full form in banking now. Read more: What is sanction screening in banking ? What is PEP in banking ? What is provisioning in banking ? What is SIP in banking ?