(SUPPLIED)
As per guidelines issued by India’s central bank – the Reserve Bank of India
– there have been certain changes made to the cheques issued by banks.
While Indian banks have been issuing new cheque books with the revised features since August 2011, if you happened to obtain your cheque book prior to that, chances are that your cheques will not be valid after December 31, 2012.
According to the RBI’s new guidelines for cheques [http://unionbudget2012.webasyst.net/files/dd1ef720/ZmlsZT1NakEx&W=FL], all cheques will now carry a standardised watermark, with the words ‘CTS-INDIA’ which can be seen when held against any light source.
In addition, every cheque will include a VOID pantograph with hidden / embedded “COPY” or “VOID” feature. RBI guidelines mandate that this feature should not be visible on the scanned image at the resolution specified in CTS but should be clearly visible in photocopies and scanned colour images as resolution used in such cases would be above the prescribed CTS standards
While Indian banks have been issuing new cheque books with the revised features since August 2011, if you happened to obtain your cheque book prior to that, chances are that your cheques will not be valid after December 31, 2012.
According to the RBI’s new guidelines for cheques [http://unionbudget2012.webasyst.net/files/dd1ef720/ZmlsZT1NakEx&W=FL], all cheques will now carry a standardised watermark, with the words ‘CTS-INDIA’ which can be seen when held against any light source.
In addition, every cheque will include a VOID pantograph with hidden / embedded “COPY” or “VOID” feature. RBI guidelines mandate that this feature should not be visible on the scanned image at the resolution specified in CTS but should be clearly visible in photocopies and scanned colour images as resolution used in such cases would be above the prescribed CTS standards
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