Smart and Easy Cheque Printing Software
The government will soon make an amendment in the Negotiable Instruments (NI) Act for cheque bounce that will restrict banks from dragging a person to court. All such cases, after the changes come into effect, will have to be decided only through arbitration, conciliation or settlement by Lok Adalats. It is estimated that more than […]
The RBI set up a working group on Cheque Truncation and e-cheques, which studied the Truncation and Imaging processes of other countries and came out with the following recommendations:- In India the cheques should be truncated at the presenting bank itself and there should not be any amount based restriction. An electronic image based model will be […]
‘Cheque Truncation System (CTS) – 2010 Standard’ is a set of benchmarks set to achieve standardisation of cheques issued by banks across the country. It includes some of the mandatory security features on cheques such as quality of paper, watermark, bank’s logo in invisible ink, void pantograph and standardisation of field placements on cheques.