Keeping A check

.....The CTS is an online image-based cheque clearing system where cheque images and Magnetic Ink Character Recognition (MICR) data are captured at the collecting bank branch and transmitted electronically. The RBI, in a circular last year, emphasised that homogeneity in security features will act as a deterrent against cheque frauds, while the standardisation of field placements on cheque forms would enable straight-through-processing, both under CTS and MICR clearing.......

Read - Indian Express