The need for Cheque Standardization :
From the past few years, banks have been adding certain patterns and designs on the cheques so as to increase the security of cheques and to prevent cheque misuse, tampering or alterations. However, due to excessive use of ‘at par payable’ cheques or multi city cheques, RBI has decided to standardize the cheques in terms of size, MICR band, quality of paper, etc for easier, secured and faster clearing.
Category: Certified cheques, Cheque Truncation System, cheques, CTS, CTS - 2010, Drafts, Printing Cheques, RBI, Software for printing cheques
Tag: A/c Payee, account holders, Account Payee, Bank Charges, benefits, benefits for customers, benefits of cts, Certified Checks, Certified Cheques, Checklist, checklist for Cheques, cheque, Cheque fraud, Cheque fraudulent, cheque standardization, cheque standards, cheque truncation System, cheques, CTS, CTS standards, CTS-2010, validity extended, waht is cheque standardization