Automatic Cheque Clearance System using MATLAB

  • B. Janardhana Rao CVR College of Engineering,ECE Department, Hyderabad
  • O. Venkata Krishna CVR College of Engineering, EIE Department, Hyderabad, India

Abstract

Nowadays Cheque Truncating System (CTS) compliant cheques are used in banks for saving time and reducing effort in depositing cheques. With the development of image processing it is possible to make machines read the documents instead of humans. Applying the image processing technique in the cheque deposition in banks can reduce the human effort, time and also will be cost effective. In this paper, an automatic cheque clearance system is discussed using Optical Character Recognition (OCR) system by feature extraction and pattern recognition concepts in image processing. Using this one, can reduce time, human effort and money in processing of cheques. The algorithms are executed using MATLAB.

Published
2016-06-30
Issue
Vol 10 (2016): CVR Journal of Science and Technology
Section
Articles
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