instead off physical cheques, image of the scanned cheques travel everywhere and signature is verified by computers. so it expects to be very accurate.
On 3/10/14, George Abraham <[email protected]> wrote: > 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.. > -- nothing is difficult unless you make it appear so. r. aravind, clerk in andhrabank, mobile no: +91 9940369593, email id : [email protected], [email protected]. 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..
