................The standardisation would also help banks to directly process the data to their Core Banking System without manual intervention. Considering the advantages in the new CTS-2010 standard cheques, the RBI has decided to withdraw the old non-CTS 2010 standard cheques from circulation by calling upon the banks to get back the old cheque leaves from their customers and replace them with new CTS-2010 standard cheques. The deadline for the replacement is March 31, 2013.....................
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