The Reserve Bank of India (RBI) has issued guidelines enhancing security features and standardized fields for bank cheques in order to help straight-through-processing using optical technology.
The central bank informed that soon it will be rolling out timetable for revised benchmark prescriptions, or Cheque Truncation System (CTS)-2010 standard. The Indian Bank’s Association (IBA) and National Payments Corporation of India (NPCI) will organize and advice banks on these additional security features.
The new guidelines include use of quality paper, watermark and printing of bank logos in invisible ink, standard size, clutter-free background, and use of ultra violet images. RBI said, “Homogeneity of security features is expected to act as a deterrent against cheque frauds.”
The central bank maintaining status quo on existing paper specification, said paper quality should be image-friendly and have protection against alterations by having chemical sensitivity to acids, alkalis, bleaches and solvents, giving a visible result after a fraudulent attack. When put under ultraviolet (UV) light the paper should not glow so that the feel of cheques is uniform across banks.
Regarding the use of watermark, it said that at the time of manufacturing, cheques must have a standardized watermark with the words “CTS-INDIA” which should be visible when held against any light source. Due to this photocopy or printing of cheque will become difficult, as the paper will be available only to printers. The watermark must be oval in shape and the diameter can be 2.6-3 cm. Each cheque must have at least one full watermark.
Bank’s logos on cheques must be printed in UV ink. The logos will be captured by and visible under UV-enabled scanners and lamps.
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