Cts 2010 standard cheque book format

You can now print your cheque in cts 2010 with out any worries. 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. Indian bank charges rupees thirty for one cts2010 cheque book, from customers. What is the format of cts 2010 standard cheque book. Please sign above is mentioned on bottom right of the. As of now the banks in india are using different formats for their cheque leaves mainly for branding, identification, security features etc. 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.

A pantograph which shows voidcopy while taking photocopy of the cheque below the account number. Does your software supports cts 2010 cheque formats. 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 these features are present in your cheque book, it is a cts compliant one. 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. Cheque books compliant with cheque truncation system.

So you should immediately indent a new cts 2010 standard. As per the negotiable instruments act, every cheque is required to be presented to the drawee paying bank for payment. Therefore, we recommend you to place a request for a new cheque book. Cheque issuing banks shall make all efforts to withdraw the noncts2010 standard cheques in circulation before the extended timeline of july. Everything you need to know about cts 2010 cheques. Words cts2010 printed on the left hand side of the cheque leaf near perforation.

Cts 2010 standards cheque s issued have the following distinguishing features. Also all the current circulated cheques will be replaced within 31st march, 20. Rbi has also advised that although any residual non cts 2010 standard cheques. You can see some of the features to identify if you have a cts 2010. Everything you need to know about cts 2010 cheques banking. Rrbs lax in adapting to new ctc cheque format lucknow. If these features are not present in your cheque book, than your cheque book is not a valid cts 2010 standard compliant. Customers should get their old cheque books replaced with new ones conforming to cts2010 standard for cheque forms. The following are some of the features of cts 2010 standard cheque. Cheque truncation system, abbreviated as cts, is nothing but an electronic verification procedure using imagebased processing.

It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts2010. Cheque truncation system cts, an online imagebased clearing system for faster clearing of cheques in india. Cts2010 standard cheque introduced for standardization of security features and easy processing. All chequebooks issued by the bank after aug 2011 are cts 2010 compliant. 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. Standard cheque books before 31st dec 2012 from 1st jan 20 banks will accept only cts2010 standard cheques. Cts 2010 standard cheque introduced for standardization of security features and easy processing. So, better not to waste much time and get your new cheque books. Printers name with cts 2010 in left side of cheque. The reserve bank of india rbi has introduced a new format for cheques, the cts 2010 standard as part. Rbi extends cheque upgradation deadline till march next year 14 dec, 2012, 01. 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. If you have any old cheque books or leaves, get it exchanged with new cts 2010.

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. Cheque book issued prior to december 2010 is non cts compliant savings treasure accounts. 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. Identify whether your existing bank accounts cheque books are cts 2010 compliant request for a new cheque book, if required. The branch address and ifsc code should be on the top left side of the cheque 2. Check your current cheque book is it valid new cts. Cheque book issued till 04 november 2012 is non cts compliant is my cheque cts 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. Cheque truncation system cts 2010 standards bankbazaar. Will my old cheques that are not cts2010 still work. As per the direction of reserve bank of india rbi, non cts 2010 cheques will be withdrawn by.

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. Get ready to order new india cheque books times of. Rbi has also issued specifications under the cts2010 standard for cheque forms which lays down the minimum and mandatory features that cheques must have. Please sign above is mentioned on cheque leaf on the lower righthand side.

What is the format of cts2010 standard cheque book. Now rbi has extended the date to march 31st 20 to exchange your old cheque books with new cts 2010 cheque books. 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. The right hand corner of the cheque leaf has boxes provided for the date which is in the ddmmyyyy format. 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. 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. Earlier, cheques deposited by customers used to be presented by the collecting bank to the paying bank over the counter of t. Cts 2010 introduced some standards and security features such as quality of paper, watermark, filed placements, banks logo in invisible ink, void pantograph, etc. Most banks are now issuing cts cheque truncation system 2010 cheque books only and are.

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. 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. It is now mandatory for banks to strictly issue standardized and enhanced new format of cheques called cts 2010. Come april 20 and your old cheque books from your bank account in india will become void. So it is necessary for all to understand how your new cheque format looks like. 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. 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. We are pleased to advise that standard chartered bank has been issuing cts 2010 standard compliant cheque books to our customers since april, 2011.

The word is clearly visible in photocopies of a cheque. Also already circulated cheques will be replaced within 31st december 2012. Get ready to order new india cheque books welcomenri. Dear adda treasurers, rbi is mandating the use of new format cheque leaves known as cts 2010 standard cheques from 01jan20. 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. Rbi extended deadline for cts 2010 standard cheques. Only cts 2010 standard cheque books are to be used after. The new cts standard enables banks to convey the cheque as an image to the. The new cts standard cheque format will not only help to fasten the process of cheque clearance but also helps in avoiding frauds. How to identify my cheque book cts2010 standard compliant. Customers should get their old cheque books replaced with new ones conforming to cts 2010 standard for cheque forms. Rbi asks banks to issue cheque truncation system 2010 standard cheques from april 1 27 dec, 2011, 02. 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. All cheques carry a standardized watermark, with the words ctsindia which can be seen when held against any ligh source.

New format cheques from jan 1 the hindu businessline. 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. Please note that non cts 2010 standard cheques will not be valid after december 31, 2012. This means that there will be no physical movement of the cheque but rather an. Effective december 31st, 2012 usage of non cts 2010 standard cheques would not be applicable with regard to your. A pantograph which shows voidcopy while taking photocopy of the cheque below the. Webarchive template wayback links use indian english from october 20. Rbi extends deadline for withdrawing noncts 2010 cheques. Everything you need to know about cts 2010 cheques banking basics hdfc bank.

We have also been informing our customers whenever they come to our bank that, as per rbi guidelines, noncts 2010. Free atm usage, cheque book, statements and direct debits. 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. Rbi has now extended the deadline to 31st march 20 to withdraw non cts 2010 standard cheques in circulation. Gridbased cheque truncation system cts has been launched in chennai, mumbai. 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.

These specifications include various security features including standardized watermark, hidden void pantograph, uv inkprinted bank logo, holograms. 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. Cts best practice guidelines cts best practice guidelines. Pantograph with hiddenembedded word void is included in the cheques. 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. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. If your cheque book is issued prior to august 2011, you are requested to indent for a new cheque book to avoid any inconvenience. All you need to know about cts2010 standard for cheques cts 2010 standard paper should not glow under ultraviolet uv light i. 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.

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. Can you please mail me a scanned copy of the latest cheque leaf that is compliant with cts 2010. Cts 2010 standard cheques will be cleared on all working days. The word cts 2010 printed on the left side of your cheques near the. 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. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. Features of cts2010 standard cheque cts cheque truncation system branch address with ifsc code printed top of the cheque. 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. Please note that non cts 2010 standard cheques will not be valid after july 31, 20. This system is followed for clearing cheques in an errorfree, fast and hasslefree manner. All you need to know about cts2010 standard for cheques. Cheque books issued, by the bank, on or after 1st january 2012 are cts 2010 standard compliant. Branch address with ifsc code printed top of the cheque.