HI, I spoke to some people in the bank about this. The collecting bank where the cheque is deposited will send the image of the cheque. The paying bank (where we hold account) will verify the cheque for sufficiency of funds and other formalities like date, signature verification, etc. So, the only difference(from our perspective) in the CTS when compared to the earlier system is that the employee at the paying bank gets the image of the cheque whereas he gets the physical cheque in the earlier system. All other aspects like signature verification are uniform in both the systems. In other words, any special treatment extended to visually challenged in the traditional system can be made available in the CTS as well.
On 3/11/14, KanchanPamnani <kanchanpamn...@gmail.com> wrote: > Hi, > Thanks. When you find out what exactly is happening, please clarify if the > comment is on the system or on the cheque itself. > I had asked my branch manager to put it on the cheque that I was going to > issue. > Kanchan > -----Original Message----- > From: AccessIndia [mailto:accessindia-boun...@accessindia.org.in] On Behalf > Of Vamshi. G > Sent: 11 March 2014 07:19 > To: AccessIndia: a list for discussing accessibility and issues concerning > the disabled. > Subject: Re: [AI] Banking-cheques > > HI madam, > > Cheque truncation has not yet come to my place of living. So, I > haven't seen it practically. But I will find out how it is done in > other parts. As far as statement by BM is concerned, usually if > someone is acting as a power of attorny, the same is mentioned along > with the signature in the system, which, I think, has not been > dispensed with in the CTS. A mentioning about the visual handicap > can be made in similar lines. I have some other doubts about some > points made by our friends in this regard. I can clarify things this > evening after returning from the bank. > > On 3/11/14, KanchanPamnani <kanchanpamn...@gmail.com> wrote: >> In that case if something more than the signature was at the bottom of >> the >> cheque for eg. A statement by the branch manager that he has verified the >> signature or that the singnature has been affixed before him, would also > be >> scanned. Would this go through the system? My branch says it wont. We >> have >> to examine why not. >> Kanchan >> >> -----Original Message----- >> From: AccessIndia [mailto:accessindia-boun...@accessindia.org.in] On > Behalf >> Of Aravind R >> Sent: 10 March 2014 20:07 >> To: AccessIndia: a list for discussing accessibility and issues >> concerning >> the disabled. >> Subject: Re: [AI] Banking-cheques >> >> 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 <geo...@eyeway.org> 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:accessindia-boun...@accessindia.org.in] 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" <kanchanpamn...@gmail.com> >>> To: <accessindia@accessindia.org.in> >>> 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/accessindia@accessindia.org.in/ >>>> >>>> To unsubscribe send a message to >>>> accessindia-requ...@accessindia.org.in >>>> 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/accessindia@accessindia.org.in/ >>> >>> To unsubscribe send a message to >>> accessindia-requ...@accessindia.org.in >>> 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_accessind >> ia.org.in >>> >>> >>> Search for old postings at: >>> http://www.mail-archive.com/accessindia@accessindia.org.in/ >>> >>> To unsubscribe send a message to >>> accessindia-requ...@accessindia.org.in >>> 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 : aravind_...@yahoo.com, aravind.andhrab...@gmail.com. >> >> >> >> Register at the dedicated AccessIndia list for discussing accessibility >> of >> mobile phones / Tabs on: >> > http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessind >> ia.org.in >> >> >> Search for old postings at: >> http://www.mail-archive.com/accessindia@accessindia.org.in/ >> >> To unsubscribe send a message to >> accessindia-requ...@accessindia.org.in >> 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_accessind > ia.org.in >> >> >> Search for old postings at: >> http://www.mail-archive.com/accessindia@accessindia.org.in/ >> >> To unsubscribe send a message to >> accessindia-requ...@accessindia.org.in >> 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.. >> > > > -- > G. Vamshi > Mobile: +91 9949349497 > Skype: gvamshi81 > > www.retinaindia.org > From darkness unto light > > > > Register at the dedicated AccessIndia list for discussing accessibility of > mobile phones / Tabs on: > http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessind > ia.org.in > > > Search for old postings at: > http://www.mail-archive.com/accessindia@accessindia.org.in/ > > To unsubscribe send a message to > accessindia-requ...@accessindia.org.in > 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/accessindia@accessindia.org.in/ > > To unsubscribe send a message to > accessindia-requ...@accessindia.org.in > 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.. > -- G. Vamshi Mobile: +91 9949349497 Skype: gvamshi81 www.retinaindia.org >From darkness unto light 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/accessindia@accessindia.org.in/ To unsubscribe send a message to accessindia-requ...@accessindia.org.in 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..
