Cheque Depository Machine


CDK-1500

Cheques continue to play a dominant role in India’s retail payment system Approximately 4.5 million inter-bank cheques cleared on each working day It is a process of stopping the physical movement of cheques in the clearing cycle.

Cash Depository Machine

Cheques continue to play a dominant role in India’s retail payment system Approximately 4.5 million inter-bank cheques cleared on each working day It is a process of stopping the physical movement of cheques in the clearing cycle.

Faster Processing

Electronic images of cheques are captured and transmitted across the banks

Faster Processing

Electronic images of cheques are captured and transmitted across the banks

  • 3 types of images are captured & transmitted:
    • Front Gray Scale (Minimum DPI: 100, Format: JFIF, Compression: JPEG).
    • Front Black & White (Minimum DPI: 200, Format: TIFF, Compression: CCIT G4).
    • Rear Black and White (Minimum DPI: 200, Format: TIFF, Compression: CCIT G4)
  • Customer Service
    • Better Customer service as cheques received almost upto clearing cut-off window can be presented.
    • Easy retrieval of information for customer.
  • Commercial Aspects
    • Cheque processing charges reduced.
    • Costs involved in paper movement eliminated.
    • Better liquidity management for banks.
  • Operational Aspects
    • Reconciliation differences eliminated
    • Risk Minimization.
    • No risk of cheques getting lost/tampered/pilfered.
    • No risk of any manipulation of data & images as it is secured through Digital Signatures.
    • Implementation of CTS 2010 Standards has enhanced cheque security.
  • Operating Environment
    • Temperature: 10 to 40 degree Celsius
    • Humidity : 20% to 80%
    • CTS compatible UV Cheque Scanner
    • Cheque Stacker (holds minimum 500 cheques)
    • Centralized and Remote Monitoring capacity

Cheque Truncation speeds up the process of collection of cheques resulting in better service to customers, reduces the scope for clearing-related frauds or loss of instruments in transit, lowers the cost of collection of cheques, and removes reconciliation-related and logistics-related problems, thus benefitting the system as a whole.

In CTS, the presenting bank (or its branch) captures the data (on the MICR band) and the images of a cheque using their Capture System (comprising of a scanner, core banking or other application) which is internal to them, and have to meet the specifications and standards prescribed for data and images.

  • Benefits
    • Shorter clearing cycle
    • Superior verification and reconciliation process
    • No geographical restrictions as to jurisdiction
    • Operational efficiency for banks and customers alike
    • Reduction in operational risk and risks associated with paper clearing

CTS offers several benefits to banks and customers, including human resource rationalisation, cost effectiveness, business process re-engineering, better service, adoption of latest technology, etc. CTS, thus, has emerged as an important efficiency enhancement initiative undertaken by Reserve Bank .

  • Features
    • Imaging module for binary Front, binary Back, Grey scale Front, Grey scale back and UV only
    • Print 2 line endorsement of minimum 44 digits on the back of the cheque prior to imaging of the cheque.
    • Straight line capturing mechanism
    • Supports multi‐location endorsements
    • MICR reader, endorser, Sorter
  • Built-in OCR
    • (i)front and back grey scale
    • (ii)front and back black & white scale
    • UV image capture in a single pass
    • Compliant to the IQA standard indicated by RBI
    • UV enabled camera to capture and detect UV Ink, logos and watermark