--- On Fri, 6/25/10, ramanujam thiruvenktasamy <[email protected]> wrote:
From: ramanujam thiruvenktasamy <[email protected]> Subject: Re: [ancient_indian_astrology] Aterations in Cheaques -Latest Rule To: "ramanujam thiruvenkataswamy" <[email protected]> Date: Friday, June 25, 2010, 10:47 AM On Thu, Jun 24, 2010 at 4:13 AM, Dhananjayan Brahma <[email protected]> wrote: For information only, -Regards/Dhananjayan,, RBI’s latest cheque rule only for NCR Mumbai: The Reserve Bank on Tuesday clarified that its recent directive on alterations on cheques is applicable for cheques cleared through the state-of-the-art image-based cheque truncation system (CTS). Currently, CTS is used in RBI’s clearing house in the National Capital Region (NCR) only. In all the other places, mostly MICR method of cheque clearance is used, and RBI’s recent directive on alterations in cheques is not applicable for MICR, non-MICR and over the counter clearances. The CTS standards will come into effect on December 1, 2010. The CTS standard said that no changes or corrections should be made on the cheques. It also said for any change in the payee’s name, amount in figures or amount in words, etc, fresh cheques should be used by customers. This would help banks to identify and control fraudulent alterations. TNN __._,_.___ Reply to sender | Reply to group | Reply via web post | Start a New Topic Messages in this topic (1) Recent Activity: New Members 6 New Links 1 Visit Your Group Switch to: Text-Only, Daily Digest • Unsubscribe • Terms of Use . __,_._,___
