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RBI working on Cheque Truncation System

by Nidhi Paul

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To reduce and control the misuse, tampering and alterations of the cheque,  Cheque Truncation System (CTS) is being introduced. These are image-based processing of cheques & will lead down certain features in the printing of cheque. There will be certain standardization of the cheques being used across the world which will also increase the speedy clearing of the cheques especially outstation cheques. 

According to this circular of RBI, ( Direct PDF File )  Mandatory Features to be incorporated are :

CTS Logo
Sample Cheque Leaf

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