Cheque truncation system, abbreviated as cts, is nothing but an electronic verification procedure using imagebased processing. Cheque book issued prior to december 2010 is non cts compliant savings treasure accounts. Standard cheque books before 31st dec 2012 from 1st jan 20 banks will accept only cts2010 standard cheques. The branch address and ifsc code should be on the top left side of the cheque 2. Cts 2010 standards cheque s issued have the following distinguishing features. Cheque truncation system cts, an online imagebased clearing system for faster clearing of cheques in india.
Please sign above is mentioned on bottom right of the. Bank customers do not need to discard their non cts 2010 standard cheque books in a hurry to get their multicity cts 2010 standard cheque leafs. The following are some of the features of cts 2010 standard cheque. The new cheque standard cts 2010 provides a set of minimum security features which would ensure uniformity across all cheque forms issued by banks in the country and also help presenting. Rbi has also issued specifications under the cts2010 standard for cheque forms which lays down the minimum and mandatory features that cheques must have. Rbi extends deadline for withdrawing noncts 2010 cheques. So it is necessary for all to understand how your new cheque format looks like. This means that there will be no physical movement of the cheque but rather an. Cts2010 standard and old bank cheques of india cts2010 cheque truncation system cheque is a new type of cheque introduced by reserve bank of india. Yes, as per the new guidelines provided by rbi reserve bank of india all indian banks should follow cts 2010 cheque formats, and virtual splat has already taken care about this rule. These specifications include various security features including standardized watermark, hidden void pantograph, uv inkprinted bank logo, holograms. Non cts cheques valid till 31 july rbi the rbi has also said the system of post dated cheques and payment via emi, in either the old or new format, will be banned from now wherever electronic.
You can see some of the features to identify if you have a cts 2010. If these features are present in your cheque book, it is a cts compliant one. Branch address with ifsc code printed top of the cheque. What is the format of cts2010 standard cheque book.
Identify whether your existing citibank account cheque book is cts 2010 compliant request for a new cheque book, if required also, please note that rbi has advised all banks holding postdated emi cheques to arrange for replacement of non cts 2010 standard cheques with cts 2010 standard cheques. Gridbased cheque truncation system cts has been launched in chennai, mumbai. Indias largest lender the state bank of india sbi will implement the cheque truncation system cts 2010, the new standard of cheques as mandated by. As per the direction of reserve bank of india rbi, non cts 2010 cheques will be withdrawn by. So you should immediately indent a new cts 2010 standard. Get ready to order new india cheque books times of. We have also been informing our customers whenever they come to our bank that, as per rbi guidelines, noncts 2010. Rbi has now extended the deadline to 31st march 20 to withdraw non cts 2010 standard cheques in circulation. Everything you need to know about cts 2010 cheques. Webarchive template wayback links use indian english from october 20. Now rbi has extended the date to march 31st 20 to exchange your old cheque books with new cts 2010 cheque books. As per the negotiable instruments act, every cheque is required to be presented to the drawee paying bank for payment. The new cts standard cheque format will not only help to fasten the process of cheque clearance but also helps in avoiding frauds. A pantograph which shows voidcopy while taking photocopy of the cheque below the.
All chequebooks issued by the bank after aug 2011 are cts 2010 compliant. All you need to know about cts2010 standard for cheques cts 2010 standard paper should not glow under ultraviolet uv light i. Does your software supports cts 2010 cheque formats. Please note that non cts 2010 standard cheques will not be valid after december 31, 2012. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts2010. Rbi asks banks to issue cheque truncation system 2010 standard cheques from april 1 27 dec, 2011, 02.
Will my old cheques that are not cts2010 still work. Cheque truncation system cts or imagebased clearing system ics, in india, is a project of the reserve bank of india rbi, commenced in 2010, for faster clearing of cheques. Check your current cheque book is it valid new cts. The word is clearly visible in photocopies of a cheque. As per rbi guidelines, after march 31, 20, non cts 2010 standard compliant cheques will still be accepted for clearing but will be cleared at less frequent intervals. What is the format of cts 2010 standard cheque book. Such links are only provided on our website for your convenience and standard chartered bank does not control or endorse such websites, and is not responsible for their contents.
If you have any old cheque books or leaves, get it exchanged with new cts 2010. A copy of cheque, cts 2010 compliant may please be used in explaining the requirements to be filled for the cheque leaves that can be used for transaction from january 01, 20 onwards. Can you please mail me a scanned copy of the latest cheque leaf that is compliant with cts 2010. Cts 2010 introduced some standards and security features such as quality of paper, watermark, filed placements, banks logo in invisible ink, void pantograph, etc. Also, please note that rbi has advised all banks holding postdated emi cheques to arrange for replacement of non cts 2010 standard cheques with cts 2010 standard cheques. Also already circulated cheques will be replaced within 31st december 2012. Customers should get their old cheque books replaced with new ones conforming to cts 2010 standard for cheque forms. If you are holding the non cts 2010 standard cheque books cheque leaves, you are requested to surrender the same at the base branch where you are having your account and apply for new cts 2010 standard cheque book. Everything you need to know about cts 2010 cheques banking. Cheque books issued, by the bank, on or after 1st january 2012 are cts 2010 standard compliant.
Cheque issuing banks shall make all efforts to withdraw the noncts2010 standard cheques in circulation before the extended timeline of july. Cts 2010 standard cheque introduced for standardization of security features and easy processing. Cheque truncation system cts 2010 standards bankbazaar. Cts is based on a cheque truncation or online imagebased cheque clearing system where cheque images and magnetic ink character recognition micr data are captured at the collecting bank branch and. It is now mandatory for banks to strictly issue standardized and enhanced new format of cheques called cts 2010. All customers who hold the earlier cheque books issued by the bank are requested to apply for a new cheque book as per the cts 2010 standards at the earliest. Also all the current circulated cheques will be replaced within 31st march, 20. Pantograph with hiddenembedded word void is included in the cheques. So, better not to waste much time and get your new cheque books. Everything you need to know about cts 2010 cheques banking basics hdfc bank. All cheques carry a standardized watermark, with the words ctsindia which can be seen when held against any ligh source. If you have your cheque book issued before aug 2011, then you need to get a new cheque book to be used after 31 dec 2012.
Identify whether your existing bank accounts cheque books are cts 2010 compliant request for a new cheque book, if required. If your cheque book has been indented prior to 1st january 2012, you are requested to indent for new cheque book at the earliest to avoid any inconvenience. You can now print your cheque in cts 2010 with out any worries. Just check, whether your existing cheque book is cts compliant or you need to get a new cts complaint cheque book issued before 31st december 2012. Cts 2010 standard cheques will be cleared on all working days. Free atm usage, cheque book, statements and direct debits. Effective december 31st, 2012 usage of non cts 2010 standard cheques would not be applicable with regard to your. Therefore, we recommend you to place a request for a new cheque book. Get ready to order new india cheque books welcomenri. Features of cts2010 standard cheque cts cheque truncation system branch address with ifsc code printed top of the cheque.
Come april 20 and your old cheque books from your bank account in india will become void. Words cts2010 printed on the left hand side of the cheque leaf near perforation. Most banks are now issuing cts cheque truncation system 2010 cheque books only and are. New format cheques from jan 1 the hindu businessline. Customers should get their old cheque books replaced with new ones conforming to cts2010 standard for cheque forms. We are pleased to advise that we have been issuing payable at par cts 2010 standard compliant cheque books to our customers since march 2012.
Of late you must have noticed advertisements in newspapers put up by banks urging account holders to stop circulating non cts compliant cheques and replace their old cheque books with new cts. Cheque issuing banks shall make all efforts to withdraw the non cts 2010 standard cheques in circulation before the extended timeline of 31 july 20 by creating awareness among customers through sms alerts, letters, display boards in branchesatms, logon message in internet banking, notification on the website etc, rbi said. Indian bank charges rupees thirty for one cts2010 cheque book, from customers. Rbi extended deadline for cts 2010 standard cheques. If these features are not present in your cheque book, than your cheque book is not a valid cts 2010 standard compliant. Cheque books compliant with cheque truncation system. New cts2010 standard bank cheque format it is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. How to identify my cheque book cts2010 standard compliant. Cts 2010 standard and old bank cheques of india cts 2010 cheque truncation system cheque is a new type of cheque introduced by reserve bank of india. All you need to know about cts2010 standard for cheques.
Cts best practice guidelines cts best practice guidelines. Cts2010 standard cheque introduced for standardization of security features and easy processing. Although this is the second time rbi have extended the date of implementation of cts 2010 but it is expected to be implemented soon as some banks have already started issuing cts 2010 cheques to there customers. If your cheque book is issued prior to august 2011, you are requested to indent for a new cheque book to avoid any inconvenience. This system is followed for clearing cheques in an errorfree, fast and hasslefree manner. Rrbs lax in adapting to new ctc cheque format lucknow. Printers name with cts 2010 in left side of cheque. Dear adda treasurers, rbi is mandating the use of new format cheque leaves known as cts 2010 standard cheques from 01jan20. The word cts 2010 printed on the left side of your cheques near the. The reserve bank of india rbi has introduced a new format forcheques, the cts 2010 standard as part of its measures for standardization and enhancement of security features. Rbi extends cheque upgradation deadline till march next year 14 dec, 2012, 01.
The new cts standard enables banks to convey the cheque as an image to the. Rbi has also advised that although any residual non cts 2010 standard cheques. Please note that non cts 2010 standard cheques will not be valid after july 31, 20. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. As of now the banks in india are using different formats for their cheque leaves mainly for branding, identification, security features etc. Earlier, cheques deposited by customers used to be presented by the collecting bank to the paying bank over the counter of t. If you are still in possession of nonctc cheque books, then it is in your own interest to get those replaced with cts 2010 standard cheque books latest by december 31. Please sign above is mentioned on cheque leaf on the lower righthand side. As per the said new rbi guidelines, banks have been advised to issue only cts 2010 standard multicitypayable at par cheques to their account holders. Cts 2010 standard cheques will have letters cts 2010 printed vertically on the cheque leaf near the perforation on the left side as shown in the image below. We are pleased to advise that standard chartered bank has been issuing cts 2010 standard compliant cheque books to our customers since april, 2011.
Cheque book issued till 04 november 2012 is non cts compliant is my cheque cts compliant. The right hand corner of the cheque leaf has boxes provided for the date which is in the ddmmyyyy format. Procedural guidelines for cheque truncation system cts. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. Only cts 2010 standard cheque books are to be used after.
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