The irony is that progress has been made in banking. The strides made are revolutionary. However the needs of the visually impaired clients have been overlooked or not been considered.
-----Original Message----- From: AccessIndia [mailto:[email protected]] On Behalf Of Alok Kaushik Sent: 10 March 2014 16:04 To: AccessIndia: a list for discussing accessibility and issuesconcerning the disabled. Subject: Re: [AI] Banking-cheques Hi Kanchan, Cheque truncation system is used everywhere in India now. Truncation essentially means truncation of use of paper cheque in the workflow. Scanned image of the cheque is used for the entire workflow after it is received from the depositor by the drawee bank. Following link will give you an idea about the process. Content of this page were written after CTS was first rolled out in 2008 in NCR, but the process would be the same anyway. http://www.banknetindia.com/banking/chqtruncationb.htm Thanks. Alok ----- Original Message ----- From: "Kanchan Pamnani" <[email protected]> To: <[email protected]> Sent: Monday, March 10, 2014 2:00 PM Subject: [AI] Banking-cheques >I am trying to find out how a cheque is cleared nowadays. > What used to happen was > 1. I issued a cheque and handed it over to the payee. > 2. The payee then used to present it to his Branch. > 3. Then it went to the RBI for sorting > 4. The cheque then came back to my branch for verification of signature > and balance etc. > 5. If my branch cleared it then the payee got a credit otherwise the > cheque was considered as dishonoured. > 6. The intervention was at my branch and I could keep my branch informed > about the fact that I had issued such a cheque. Knowing that their > customer was visually impaired my branch would clear my cheque if the > signature mismatched a little. > > Now with core banking and with a central claring system and with trunketed > cheques please help by sending me a detailed step by step procedure of how > a cheque is cleared and where can we have the verification by the bank > manager. > I have always said that rules and regulations have to change with time. So > maybe now it is time to add to the RBI Circular and Indian Bank > Association's guidelines of 2008. > Kanchan Pamnani > Advocate & Solicitor > 9, Suleman Chambers, > Battery Street, Colaba, > Mumbai - 400 039. > > > > > Register at the dedicated AccessIndia list for discussing accessibility of > mobile phones / Tabs on: > http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessin dia.org.in > > > Search for old postings at: > http://www.mail-archive.com/[email protected]/ > > To unsubscribe send a message to > [email protected] > with the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, > please visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > > > Disclaimer: > 1. Contents of the mails, factual, or otherwise, reflect the thinking of > the person sending the mail and AI in no way relates itself to its > veracity; > > 2. AI cannot be held liable for any commission/omission based on the mails > sent through this mailing list.. > Register at the dedicated AccessIndia list for discussing accessibility of mobile phones / Tabs on: http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessin dia.org.in Search for old postings at: http://www.mail-archive.com/[email protected]/ To unsubscribe send a message to [email protected] with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list.. Register at the dedicated AccessIndia list for discussing accessibility of mobile phones / Tabs on: http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessindia.org.in Search for old postings at: http://www.mail-archive.com/[email protected]/ To unsubscribe send a message to [email protected] with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list..
