Deadline for new cheque standard (CTS-2010) extended to March 31, 2013

The RBI extended the deadline given to shift to new cheques (CTS-2010 Standard cheques), with advanced security and standardized features, to March 31, 2013. Earlier, it had set a December 31 deadline.

What is Cheque Truncation? What are the Benefits of adopting CTS-2010 ? What is the process involved? What are the modes in which banks can participate in CTS ?



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