Banks / Bank Customers should use "CTS* 2010" cheques which are not only image friendly but also have more security features. Customers may request / insist their banks for cheque forms that are compliant with the "CTS 2010" standard.
They should preferably use dark coloured ink while writing cheques and avoid any alterations / or corrections thereon. Preferably, a new cheque leaf may be used in the event of any alterations / or corrections as the cheque may be cleared through image based clearing system as enumerated.
Banks should exercise care while stamping the cheque forms, so that it does not interfere with the material portions such as date, payee’s name, amount and signature. The use of rubber stamps, etc, should not overshadow the clear appearance of these basic features in image.
It is necessary to ensure that all essential elements of a cheque are captured in an image during the scanning process and banks / customers have to exercise appropriate care in this regard.
The modes in banks participate in CTS..!
There are two modes in which banks may participate in CTS –
Direct membership..!
Banks may participate as direct member provided they have a settlement account with the settlement bank and have put in place necessary infrastructure for participating in CTS.
Indirect / Sub-membership..!:
Banks may become sub-members / indirect members of the direct members by using the infrastructure and / or settlement services of the direct members. The settlement for such indirect / or sub-member could be done either directly (if such banks have settlement accounts with the settlement bank) or through the direct member through whom they are participating.
Infrastructure requirement for participating the CTS..!
The infrastructure required at the banks’ end for participating in CTS are dedicated connectivity from the bank’s gateway to the Clearing House, prescribed hardware and software for the CTS application.
RBI provides member banks with the CHI (software). Banks need to procure hardware and other software such as operating system, database and a bouquet of third party software for the CHI. They also need to procure the application software for their capture systems.
The hardware requirement / or sizing is based on the volume of cheques processed by banks. Based on the volume the CHI is categorised into four types and the hardware requirement is different for each category.
The bandwidth requirement for each bank is calculated based a number of factors like the peak inward and outward volume of the bank, average size of an image, efficiency factor of the network, etc. In addition, future requirements have been taken into consideration while calculating the bandwidth requirement.
* Cheque Truncation System (CTS)
Src: Reserve Bank of India.
No comments:
Post a Comment