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Q.

What is CTS-2010 standard cheques

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Asked by Red label, 05 Nov '12 09:53 am
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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

 
  
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