Circulars/Notifications - Consumer Protection Department  
 CPD Circular Letter No. 5 of 2014
May 20, 2014 

The Presidents/Chief Executives
All Scheduled Banks/MFBs

Dear Sirs/Madam,

Enhancement of Security Features in Cheques

Please refer to CPD Circular No. 1 dated January 30, 2014 and CPD Circular letter No. 3 of 2014 dated March 31, 2014 on the subject matter. In view of certain difficulties expressed by the stakeholders and to facilitate smooth transition of the industry to the newly prescribed security features, the following clarifications are issued:

2. All cheques shall carry bank’s logo or name as a Watermark. However, the banks using printer’s logo or name as Watermark may continue to do so till December 31, 2016, thereafter all banks regardless of their size shall only issue cheques with their own logo.

3. While the usage of bleed through technology on any other field of the cheque is optional for banks, it must be ensured that at least the Magnetic Ink Character Recognition (MICR) code line is printed using the bleed through technology preferably by using impact printing techniques. However, banks may use laser printing for the same.

4. In terms of para 8 of CPD Circular No. 1 dated January 30, 2014, banks are required to formulate the Standard Operating Procedures (SOPs) relating to requisition, procurement and transmission of security stationery with the approval of the Board of Directors. It is clarified that if some banks get such policies approved from the senior management they may follow the same for the said SOPs.

5. All other instructions issued earlier will remain unchanged.

Please acknowledge receipt.



Yours truly,

(Muhammad Akmal)

About SBP
Economic Data
Press Releases
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
Contact us
What's New?
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Rupey ko Pehchano
Zahid Husain Memorial Lecture
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.