It will be really good to have field standardize, then we can use printing
software for any cheque or even can make frame which can be used by low
vision person to fill them independently. Secondly, Blind person can use
frame to sign them.
-Original Message-
From: accessindia-boun...@accessindia.org.in
[mailto:accessindia-boun...@accessindia.org.in] On Behalf Of Vishnu
Ramchandani
Sent: Friday, March 19, 2010 11:44 AM
To: accessindia@accessindia.org.in
Subject: [AI] Soon, new watermark on cheques to check fraud
Ahmedabad: The cheques of your bank will soon carry a watermark chosen by
the Reserve Bank of India (RBI), in addition to the other markings on it.
Three images for the watermark have been short-listed for the purpose, one
of which will finally be selected for printing on cheques of all banks in
the country. The RBI announced its decision about the new watermark through
a notification issued last month.
The new marking is expected to curb cheque fraud and also ensure a certain
degree of uniformity in the cheques issued by banks in the country.
Sources said the Indian Banks' Association (IBA), National Payments
Corporation of India (NPCI) and the RBI, have together short-listed three
images for the watermark. One of the three will finally be selected by the
RBI in consultation with the IBA and the NPCI, for printing on bank cheques.
No matter which image is finally chosen, it will carry the mark of the
Cheque Truncation System (CTS). The watermark will be standardised for all
cheques and will carry the words, 'CTS-INDIA', which can be seen when held
against light. The RBI is also working on other features of bank cheques
such as quality of paper, printing of the bank's logo in invisible ink, and
a 'void pantograph', along with standardisation of field placements in the
cheques.
Certain other desirable features have also been suggested. Banks can chose
from these suggested features depending on their need and risk perception.
Growing use of multi-city and payable-at-par cheques, speedy clearing of
outstation cheques and other factors have led the RBI to look for more
security features for cheques issued by banks in the country.
Source:
http://www.dnaindia.com/india/report_soon-new-watermark-on-cheques-to-ch
eck-fraud_1360766
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