Friday, November 9, 2012

Banks to usher in cheque standardisation

....The RBI had issued a plan to ensure a time-bound migration to CTS-2010 standard cheque formats by all banks. As per the plan, banks had to arrange to issue only multi-city/payable at par CTS-2010 standard cheques not later than September 30, 2012, and also to make arrangements to withdraw the non-CTS-2010 standard cheques in circulation before December 31, 2012, by creating awareness among customers......

No comments: