Sbi is arranging to send these new series of cheque books to its customers at their last recorded address. Please sign above is mentioned on bottom right of the cheque. After migration of the entire cheque volume from micr system to cts, the traditional micrbased cheque processing has been discontinued across the country. Therefore, we recommend you to place a request for a new cheque book. Customer can go to their bank and ask for new cheque books. Therefore, we recommend you to replace your non cts 2010 cheque book with a new cheque book at the earliest. In a move to increase speedy collection of crossed cheques, the reserve bank of india has come up with new cts cheques. There is a new symbol of rupees inserted near the numerical amount column. If your chequebook is not compliant with rbis cheque truncation system cts, implemented from october 1, it may be invalid from january 1, 20. Cts2010 cheques have certain common security features and. Cts2010 wala cheque ab chl ra h ya koi new aa gya h. Bank customers rbi new guidelines 2019 non cts cheques stop. Cheque truncation system cts cheque printing software.
So it is necessary for all to understand how your new cheque format looks like. Simple guide for customers to identify if their cheques are cts. In the recent period you must have received text messages and emails to change your old cheque book. The reserve bank of india rbi on monday extended the deadline to migrate to newlook cheques cts2010 standard cheques with more security and standardised features to. Dec 03, 20 i have a couple of bank accounts with check book facility. About this video why apply for new cheque books in india. Dec 04, 2018 cts stands for cheque truncation system. Come april 20 and your old cheque books from your bank account in india will become void. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. Incase the cheque book you currently have is not cts 2010 compliant as per the above features we request you to immediately order a new cheque book. Have you seen the new cheque truncation system cts compliant cheque book. Features of new cts 2010 compliant cheque chequeman blog. However, banks had been advised by rbi to not charge a customer for the new cts 2010 standard cheque while issuing it for the first time.
Words cts 2010 printed on the left hand side of the cheque leaf near perforation. Cheque truncation system notified documents npci national. Sbi to send new cheque books by dec 15, update your. Rbi extends deadline for withdrawing noncts 2010 cheques by. Banks, customers go slow in adopting new cheque book the hindu. The new cts standard enables banks to convey the cheque as an image to the clearing house rather than in its physical form. The rbi has extended the deadline of march 31 till july 31 for issuance of new cts cheque books books and withdrawal of all.
Those users holding noncts cheque books wont get their cheques cleared. Printers name with cts 2010 in left side of cheque. 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. Following are the features of new cts 2010 compliant cheques. 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. Cts prescribe minimum security features under cts2010 standards along with superior verification process. If you are still in possession of nonctc cheque books, then it is in your own interest to get those replaced with cts2010 standard cheque books latest by december 31. Check your current cheque book is it valid new cts. Nov 29, 2012 identify whether your existing citibank account cheque book is cts2010 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 noncts2010 standard cheques with cts2010 standard cheques. All those who have yet to apply for the new cts 2010 cheque format need to do so before marchend as all banks would necessarily adapt to the new te. Rbi launches new guidelines for bank cheques youtube. How to install cheque printing software cheque maker. One can find this symbol where we write amount in figures. Customers should get their old cheque books replaced with new ones conforming to cts 2010 standard for cheque forms.
The lender is preparing to send the new series of cts compliant cheque books by december 15, 2012. Dosto rbi ke new guidelines ke mutabik agar abhi tak aap non cts. Ensure you use a cts 2010 compliant cheque, and know the types of cheques for different purposes and the consequences of bounced cheques. Banks will clear cheques faster with this new tech. Also what is the plan, in terms of timeline, to implement the same in india. Noncts cheques to become invalid from january 1 goodreturns. It has many special features introduced by rbi to make. The move to replace cheques with instruments that meet the new cheque cts. A bounced cheque can hit your credit score and the issuer. Your browser does not currently recognize any of the video formats available.
The reserve bank of india rbi has introduced a new format for. You need to apply in your bank for the same and it is available free of cost. Cts has been implemented in new delhi, chennai and mumbai with effect from february 1, 2008, september 24, 2011 and april 27, 20 respectively. New cts cheque contains information of printer where they are printed along the words cts2010 mentioned along the area where we tear off the leaf from the cheque book. International helpline 91446685 4555 or your relationship manager to request for a new cheque book.
Ensure you use a cts 2010compliant cheque, and know the types of cheques for different purposes and the consequences of bounced cheques. Cts 2010 compliant cheques latest breaking news, pictures, videos, and special reports from the economic times. Rrbs lax in adapting to new ctc cheque format lucknow news. If you are still in use 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. Cheque truncation system cts is a cheque clearing system undertaken by reserve bank of india rbi that aims at reducing the time involved in cheque clearing to one day. Standardisation and enhancement of security features in cheque forms, the introduction and implementation of additional security features on cheque forms will commence from 1. Watermark cts india to be visible cheque is held against any light. 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.
Rbi extends deadline for noncts cheques till july 31 india. Everything you need to know about cts 2010 cheques banking. All those who have yet to apply for the new cts2010 cheque format need to do so before marchend as all banks would necessarily adapt to the new te. Jan 17, 20 why apply for new cheque books in india. Though the reserve bank of india deadline for issuing new cheques under the cts 2010 cheque truncation system is coming to an end on march. Sep 19, 2017 here it seems you are asking about a cheque which is signed but not dated and no other details are filled in. Everything you need to know about the new cheque regime. It is illegal to issue a blank or post dated cheque. Banks shall not charge their savings bank account customers for issuance of cts 2010 standard cheques when they are issued for the first time, the central bank had said.
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 the reserve bank of india. As per rbi guidelines, non cts 2010 standard compliant cheques will be accepted for clearing up to july 31, 20. We are arranging to send these new series cheque books to our valued customers at their last. In an official notice on its website, hdfc bank says separate sessions for clearing of non cts cheque will be discontinued from december 31. The cts centres in new delhi, chennai and mumbai will adopt rtgs holidays as. Technology internet telecom mobile startup others funding deals videos. All you need to know about new cheque books bangalore. You can also request for a new cheque book through dbs atm or internet banking. Features of cts2010 standard chequects cheque truncation. In case if your cts 2010 cheque book, you must obtain a new cts complied cheque book, and surrender the noncompliant one to the bank. A pantograph which shows voidcopy while taking photocopy of the cheque below the account number. Your cheque book may be invalid from jan 1, 20 rediff. Branch address with ifsc code printed top of the cheque. Cts 2010 standard cheques latest breaking news, pictures, videos, and special reports from the economic times.
We would like to inform you that we have been issuing cts 2010 compliant cheque books since april 2011. State bank of india sbi, the countrys largest lender, came out with an advertisement in all major national dailies on 5 november, stating that it will issue a new set of cheque book to its. Get ready to order new india cheque books times of india. Sbi customers can deposit their non cts cheque in their respective branch and get free new cts 2010 standard chequebook. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. Everything you need to know about the new cheque regime new delhi, dec 3. Watch the demo video to know why the new cts system speeds up cheque clearing times for you, and how to identify a cts compliant cheque. Dec 19, 2018 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. If the cheque book is not with cts2010 cheque leafs, they are referred to as noncts cheque books. To help you identify whether the cheque book you currently hold is cts compliant or not, you can look for the following features.
Cts2010 cheques have certain common security features and standardised field placements for enabling image based processing of. Can you please mail me a scanned copy of the latest cheque leaf that is compliant with cts 2010. Please sign abovea is written on the cheque at the bottom right side. Nov 11, 2012 most banks are now issuing cts cheque truncation system 2010 cheque books only and are collecting unused cheque leaves of the non cts 2010 cheque books. Cheque book issued prior to december 2010 is noncts compliant. Thus, it is considered as the major landmark in the indian banking industry. If you are still in possession of nonctc cheque books, then it is in your own interest to get those replaced with cts2010 standard cheque. Mar 19, 20 rbi extends deadline for non cts cheques till july 31 mumbai, mar 19. 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. Sbi to send new cheque books by dec 15, update your address. 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. And the customers to this respect have been asked to get their noncts cheque book replaced and instead get the new cts2010 standard.
Rrbs lax in adapting to new ctc cheque format lucknow. How to identify my cheque book cts2010 standard compliant or. The reserve bank of india rbi has introduced a new format for cheques, the cts 2010 standard as part. The deadline for new cheques under the cheque truncation system cts 2010 has been extended till 31 march 20 by the rbi. Request you to make a note that non cts compliant cheques would not be accepted by banks for clearing post 31 july 20. I am not really sure whether the cheques are rbi cts2010 compliant. Will my old cheques that are not cts2010 still work. The deadline for new cheques under the cheque truncation system cts2010 has been extended till 31 march 20 by the rbi. Mar 15, 20 though the reserve bank of india deadline for issuing new cheques under the cts 2010 cheque truncation system is coming to an end on march 31, many banks are yet to provide the new series of. Get ready to order new india cheque books times of. Also already circulated cheques will be replaced within 31st december 2012.
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