Q.
What is CTS-2010 standard cheques
Asked by Red label,
05 Nov '12 09:53 am
Earn 10 points for answering
Answers (1)
1.
Cheque Truncation System
The Reserve Bank today directed all banks to issue cheques conforming to Cheque Truncation System (CTS) 2010 standard with uniform features from April 1, 2012, onwards.
The new cheque standard 'CTS 2010' with set of minimum security features would ensure uniformity across all cheque forms issued by banks in the country and also help presenting banks while scrutinising and recognising cheques of drawee banks in an image-based processing scenario, RBI said in a notification.
Answered by RACHANAexposer, 05 Nov '12 10:05 am
The Reserve Bank today directed all banks to issue cheques conforming to Cheque Truncation System (CTS) 2010 standard with uniform features from April 1, 2012, onwards.
The new cheque standard 'CTS 2010' with set of minimum security features would ensure uniformity across all cheque forms issued by banks in the country and also help presenting banks while scrutinising and recognising cheques of drawee banks in an image-based processing scenario, RBI said in a notification.
Report abuse
Useful
(1)
Not Useful
(0)
Your vote on this answer has already been received