As per the current standard, in order to clear a check, the respective
physical leaf should be sent for clearance. But a CTS 2010 Standard
Cheque can be sent simply by taking an image and can be deposited
by the customer in the drawee bank. Once the deposited leaf scrutinized
by the faculty then it will be cleared electronically. It will really helps to reduce the man power, cost and time.
Benefits from CTS
Very less clearing cycle
Superior verification & reconciliation process
No geographical restrictions
Operational efficiency for banks and customers alike
Reduction in operational risk and risks associated with paper clearing
Superior verification & reconciliation process
No geographical restrictions
Operational efficiency for banks and customers alike
Reduction in operational risk and risks associated with paper clearing
More details about CTS 2010 Standard Cheque Books
The following are the special features that would be stressed about Cheque Truncation System-2010. Observe the Layout of a sample cheque leaf provided below-
Watermark - All cheque leaves will contain a standardized watermark with “CTS-INDIA” which can be observed by looking against any light source. It helps to avoid any fraudulent activities like photocopying etc. It is exactly like the same as that of Gandhi’s Image on our Currency Note.
Logo of the Bank: - However it is not visible to true light, the respective banks logo will be printed with UV ink and can be visible only through UV-enabled scanners / lamps
1 comments:
The traditional way of ordering and reordering checks is through a request at your bank or credit union to issue a batch for you. Though this can be the most known way of how to order checks, most people these days don’t go through their banks anymore.
Reorder checks online
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