Corporation Bank

( A Premier Public Sector Bank )

( )
, . 88 Head Office, PB No.88,
- 575 001 Mangalore 575 001
e-CIRCULAR
Financial Management Division
Email : Accounts@corpbank.co.in
HO Circular No. 370/2014 Index No. 10.00/3/2014 31-May-2014

TO ALL THE BRANCHES / OFFICES

Subject : RATIONALISATION OF PROCEDURES ON CTS - MANDATORY VERIFICATION OF

CHEQUES OF RS.50,000/- AND ABOVE THROUGH UV LAMP BEFORE PRESENTING
IN CTS OUTWARD CLEARING

HIGHLIGHTS

1. In CTS clearing, presenting branches should mandatorily verify

the CTS instruments of Rs.50,000/- and above through Ultra
violet lamp.

2. Branches should affix the stamp confirming verification, on the

back of the instrument.

1. One of the action points on rationalisation of procedures on CTS, prescribed by the Reserve
Bank of India for implementation is the Mandatory Verification of CTS instruments through Ultra
Violet [U V] Lamp by the presenting Bank. The move is aimed at identification of fraudulently
altered instruments presented through CTS clearing, as the payment of instruments in CTS
clearing is based on the image of the instrument. After analysing the volume of outward
instruments in CTS in our bank, it has been decided to subject all instruments of Rs.50,000/-
and above to UV lamp verification. This would cover around 15% in volume and 85% in value of
CTS outward clearing.

2. Accordingly all our branches presenting CTS instruments in outward clearing are instructed as
under:
(a) Any CTS instrument of value of Rs.50,000/- and above should be compulsorily verified
through UV lamp to ascertain correctness and genuineness of the instrument, before
sending to the Service / nodal branch for scanning.

(b) After verification through UV Lamp, the branch should affix a stamp at the back of the
instrument confirming the verification. The verification seal shall be as under:

Verified Through UV Lamp

Corporation Bank
Branch:
3. Our branches taking part in outward CTS clearing are to immediately implement the above
guidelines. Zonal offices are to ensure that the needy branches are supplied with UV lamps and
ensure that their branches subjects CTS instruments of Rs.50,000/- and above to UV Lamp
verification, without fail.

[C.G. Pinto]
General Manager