RBI plans more security features for cheques

               Reserve Bank today said more security features will be introduced to make cheques tamper- proof and prevent fraudulent withdrawal of funds.


           "It has been decided to prescribe certain benchmarks towards achieving standardisation of bank cheques across the country," the RBI said in a communication to all banks.

             The new features would include use of The quality paper, water-mark and printing of bank logos in invisible ink, standard size, clutter-free background, use of ultra violet images etc. "Homogeneity of security features is expected to act as a deterrent against cheque frauds," RBI said.

           The RBI also said the "Cheque Truncation System-2010 Standard" will be introduced after ascertaining the readiness of banks to adopt it.The proposed format is based on the report of the RBI working group in this regard.