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. So it is necessary for all to understand how your new cheque format looks like. Customers are requested to ensure that in case of post dated cheques pdc issued to any officeservice vendorbanks from the dbs india cheque book issued as per matrix given below, then the cheques need to be replaced to avoid any rejection when presented to dbs india. For the past 6 months, rbi has been announcing several times saying noncts2010 compliant cheques would be valid up to specific period. Is your cheque book cts2010 compliant standard chartered india. Get your non cts cheque book replaced immediately, it said. No clearance of noncts compliant cheques from january. Come april 20 and your old cheque books from your bank account in india will become void. As per rbi guidelines, non cts 2010 standard cheques will be withdrawn from circulation by 31december20.
Sbi to send new cheque books by dec 15, update your address. These cheques have cts 2010 printed near the left margin. Order your new cts compliant cheque book today and deposit any old cheques like dividend cheques before june 1st 2011. Everything you need to know about cts 2010 cheques. I hope you are clear about cheque truncation system cts and how your cheques will become invalid from jan 1,20.
If the above letters are present, your cheque book is cts2010 compliant 5. Sep 03, 2012 it is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. The lender is preparing to send the new series of cts compliant cheque books by december 15, 2012. You can check if you hold a cts compliant cheque book by verifying if the cheque leaves have the features mentioned above. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts2010. Cheque truncation system cts cheque printing software. It is clear, thus, that if you are still in possession of nonctc. Noncts compliant cheques shall not be processed for clearing with effect from january 1, 2019, pnb said in a notification. 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.
Cts 2010 standard cheques will be cleared on all working days. The reserve bank of india rbi has introduced a new format forcheques, the cts2010 standard as part of its measures for standardization and enhancement of security features. 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. You can also request for a new cheque book through dbs atm or internet banking. Words cts 2010 printed on the left hand side of the cheque leaf near perforation. You must first ensure that you use only cts2010 compliant cheque leaves from january 1, 20. Words cts2010 printed on the left hand side of the cheque leaf near perforation.
In case if your cheque book does not reflect the aforementioned details you must obtain a new cts complied cheque book at the earliest, and surrender the noncompliant one to the bank. The cheque truncation system cts is a process of stopping flow of physical cheque in which an electronic image of the instrument is presented when it comes. Get ready to order new india cheque books welcomenri. Only cheque books issued after aug 2011 are cts 2010 compliant. Still using nonctc compliant cheques for making payments and havent got your old cheque books replaced with the cts2010 standard. A copy of cheque, cts2010 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. International helpline 91446685 4555 or your relationship manager to request for a new cheque book. 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. If you have ordered your cheque books recently, say, a month. Cts 2010 compliant cheque means, the cheque adheres to the cheque truncation system which started in 2010 in india, as per the guidelines of rbi. Similarly, punjab national bank in one of its advisories says.
Free atm usage, cheque book, statements and direct debits. Identify whether your existing bank accounts cheque books are cts2010 compliant request for a new cheque book, if required. If you have availed a home loan and or auto loan and issued postdated cheques instead of opting for direct debit, then you will be required to replace such. Will my old cheques that are not cts2010 still work. No such cheques will be accepted in cts clearing after 31. You must obtain a cts2010 compliant cheque book on or before 31st march 20. Have you checked if your old cheque book is cts2010 compliant. In case if your cheque book does not reflect the aforementioned details you must obtain a new cts complied cheque book at the earliest, and surrender the non compliant one to the bank. Earlier, cheques deposited by customers used to be presented by the collecting bank to the paying bank over the counter of t. Your cheque book may be invalid from jan 1, 20 rediff.
Request you to make a note that noncts compliant cheques would not be accepted by banks for clearing post 31 july 20. Cts2010 compliant cheque will have the printer details along with the text cts2010 printed on the extreme left hand of the cheque leaf. Jun 25, 20 non cts 2010 complaint cheques valid up to jul20how does this impact you. Change the way you pay your credit and debit card instore,within mobile apps or online. You must ensure that your cheque book is cts 2010 compliant. Dec 03, 20 identify whether your existing bank accounts cheque books are 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. What does cts 2010 noncompliant cheque mean in icici. 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.
Everything you need to know about cts 2010 cheques banking. Everything you need to know about cts 2010 cheques banking basics. How to identify my cheque book cts2010 standard compliant or. Can you please mail me a scanned copy of the latest cheque leaf that is compliant with cts 2010. All bank check book ko kaise fillup kiya jaata hai. Just check, whether your existing cheque book is ctscompliant or you need to get a new ctscomplaint cheque book issued before 31st december 2012. The advent of cts2010 compliant cheques will make the existing cheques. If your cheque book is issued prior to august 2011, you are requested to indent for a new cheque book to avoid any inconvenience. Request you to make a note that non cts compliant cheques would not be accepted by banks for clearing post 31 july 20. For the past 6 months, rbi has been announcing several times saying non cts 2010 compliant cheques would be valid up to specific period. Dec 03, 2012 since most banks have already migrated to the new system, chances are that your bank would have sent you cts compliant cheque leaves. Mar 03, 2018 cts 2010 compliant cheque means, the cheque adheres to the cheque truncation system which started in 2010 in india, as per the guidelines of rbi. Thus, it is considered as the major landmark in the indian banking industry.
This year, there is something very important which you must do immediately, to ensure smooth financial transactions with your bank. Check your current cheque book is it valid new cts. All chequebooks issued by the bank after aug 2011 are cts 2010 compliant. Dec 16, 2012 cts 2010 compliant cheque will have the printer details along with the text cts 2010 printed on the extreme left hand of the cheque leaf. Starting 1 august 20 only cts2010 compliant cheques would be accepted for clearing. Your old cheque leaves may not be valid after march 31, 20, as the rbi has instructed all banks to implement the cheque truncation system. Recently you must have noticed advertisements in newspapers put up by banks urging account holders to stop circulating noncts compliant cheques and replace their old cheque books with new cts enabled ones.
Oct 03, 2018 as per the negotiable instruments act, every cheque is required to be presented to the drawee paying bank for payment. 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 transmitted. How to identify my cheque book cts2010 standard compliant. You must ensure that your cheque book is cts2010 compliant.
Check your cheque status, only those in new format will be accepted from 1st april 20. 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. For instance, the compliant ones will have the new rupee symbol. You need to apply in your bank for the same and it is available free of. Cheque books issued, by the bank, on or after 1st january 2012 are cts 2010 standard compliant. We would like to inform you that we have been issuing cts2010 compliant cheque books since april 2011. 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. Indian banks will only accept cheque truncation system cts 2010 complaint cheques after 31 july 20 as per the latest rbi circular issued today which extends the last call given. You must obtain a cts 2010 compliant cheque book on or before 31st march 20. In case if your cts 2010 cheque book, you must obtain a new cts complied cheque book, and surrender the non compliant one to the bank. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. You can place a request for a new cheque book through internet banking, our 24 hour customer care or at any icici bank branch in india. Indian banks will only accept cheque truncation system cts 2010 complaint cheques after 31 july 20 as per the latest rbi circular issued today which extends the last call given by indian banks to customers to switch to new cheque books. Get your noncts cheque book replaced immediately, it said.
However, if you have received the cheque book more than two or three months ago, you need to. Rbi extends cheque upgradation deadline till march next year. Also already circulated cheques will be replaced within 31st december 2012. Do not accept cheques with alterations even if they have been countersigned. Noncts2010 complaint cheques valid up to jul20how does this impact you. 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. My cheque book is not cts2010 compliant, what to do. 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.
Words cts 2010 printed on the left hand side of the cheque leaf near perforation all cheques carry a standardised watermark, with the words ctsindia which can be seen when held against any light source. My cheque book is not cts 2010 compliant, what to do. If you have availed a home loan and or auto loan and issued postdated cheques instead of opting for direct debit, then you will be required to replace such postdated cheques with the cts2010 compliant ones before december 31, 2012. Sep 06, 2018 non cts compliant cheques shall not be processed for clearing with effect from january 1, 2019, pnb said in a notification.
Incase the cheque book you currently have is not cts2010 compliant as per the above features we request you to immediately order a new cheque book. To help you identify whether the cheque book you currently hold is cts compliant or not, you can look for the following features. Cts2010 standard cheques will have letters cts2010 printed vertically on the cheque leaf near the perforation on the left side as shown in the image below. Sbi to send new cheque books by dec 15, update your. Recently 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 enabled ones. Cts 2010 compliant cheques latest breaking news, pictures, videos, and special reports from the economic times. 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.
Therefore, we recommend you to replace your non cts 2010 cheque book with a new cheque book at the earliest. Cheque books compliant with cheque truncation system cts. Cheque book issued prior to december 2010 is noncts compliant. After i placed a request for new cheque book, i found that my existing cheque book issued to me in mar2012 was already a cts2010 one. If you received your chequebook before august 2011, you are requested to order a new one. Noncts2010 complaint cheques valid up to jul20how does. Under the cts system, the physical movement of cheques between banks will be.
If you received your chequebook before august 2011. Cheque books compliant with cheque truncation system. Cheque truncation system new benchmark for cheques in banks. Cts compliant cheques check your cheque status, only those in new format will be accepted from 1st april 20. How do i order a cts2010 standard compliant cheque book. Sbi, hdfc, pnb, icici, bob, other bank customers these to become invalid noncts cheques used by customers of all banks including state bank of india sbi, hdfc bank, icici bank, bank of baroda, punjab national bank and others will become invalid from january 1.
A bounced cheque can hit your credit score and the issuer. Mar 18, 20 have you checked if your old cheque book is cts2010 compliant. 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. Cheque books compliant with cheque truncation system cts2010 standards as per reserve bank of india rbi guidelines, cheque books being issued by banks need to be compliant with cheque truncation system cts2010 standards. We are arranging to send these new series cheque books to our valued customers at their last. Since most banks have already migrated to the new system, chances are that your bank would have sent you ctscompliant cheque leaves. Important message cts 2010 regulation applicable to. You need to apply in your bank for the same and it is available free of cost. Get ready to order new india cheque books new delhi. We would like to inform you that we have been issuing cts 2010 compliant cheque books since april 2011. 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. Please identify if your existing citibank account cheque book is cts2010 compliant.
However, if you have received the cheque book more than two or three months ago, you need to run a status check. If your chequebook is not compliant with rbis cheque truncation system cts, implemented from october 1, it may be invalid from january 1, 20. Jan 12, 20 8 boxes to write the date in ddmmyyy format. Nov 29, 2012 after i placed a request for new cheque book, i found that my existing cheque book issued to me in mar2012 was already a cts 2010 one. 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. Please look for the letters cts2010 printed perpendicularly on the cheque leaf near the perforation on the left side as shown in the image. Sep 03, 20 everything you need to know about cts 2010 cheques banking basics. How do i order a cts 2010 standard compliant cheque book. Non cts compliant cheques shall not be processed for clearing with effect from january 1, 2019, pnb said in a notification. Your cts cheque book clearly shows the place where you have to sign in cheque. Punjab national bank pnb has asked its customers to get their noncts compliant cheques replaced as these instruments will not be accepted for clearance in the banking system from january. Go to your bank branch and request for a new cheque book or order one. If these features are present in your cheque book, it is a cts compliant one. When we put any cts cheque under uv lamp detail of the bank along with logo can be visible this is so because all the detail are written with invisible ink.
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