Older cheque leaf to outdate on dec 31, 2012 cts 2010. Check your current cheque book is it valid new cts. However, these changes are available only in cheque books issued after august 2011. After announcing the implementation of cheque truncation system cts, the state bank of india sbi has asked its customers to update their mailing address. Cts compliant, you should encash them before 31 december 2012. We are arranging to send these new series cheque books to our valued customers at their last. Cheque book issued prior to december 2010 is non cts compliant savings treasure accounts. In the last step, the drawee bank, after going through the data and image thoroughly can accept the cheque and further proceed with making payment. Ensure you use a cts 2010compliant cheque, and know the types of.
If the above letters are present, your cheque book is cts2010. The branch address and ifsc code should be on the top left side of the cheque 2. In the year 2010, rbi came up with the guidelines for cheque truncation system. As per rbi guidelines, noncts2010 standard compliant cheques will be accepted for clearing up to july. However, these security featureschanges are available only in cts2010 standard cheque books issued. Cts2010 standard cheque introduced for standardization of security features and easy. 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. Go to your bank branch and request for a new cheque book or order one online.
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. If you are looking to write a cheque or planning to encash from april 1, 20, make sure your cheque complies with the reserve banks cheque truncation system cts 2010 standards. All customers who hold the earlier cheque books issued by the bank are requested to apply for a new cheque book as per the cts2010 standards at the earliest. Cheque book issued prior to december 2010 is noncts compliant savings treasure accounts. Your present cheque book will not be valid after 31dec2012. Only cts 2010 standard cheque books are to be used after. Cheque truncation system cts is a cheque clearing system undertaken by the reserve bank of india rbi for quicker cheque clearance. As the term proposes, truncation is the course of discontinuing the. So please verify whether cheque book you have a already cts2010 before rushing to bank to get a new one.
Noncheque truncation system cheques valid until july 19 mar, 20, 10. The deadline for new cheques under the cheque truncation system cts2010 has been extended till 31 march 20 by the rbi. You can see some of the features to identify if you have a cts2010. Cheque truncation system cts or imagebased clearing system ics, in india, is a project. Used 2012 cadillac cts for sale with photos cargurus. All residual noncts2010 cheques with customers will continue to be. The lender is preparing to send the new series of cts compliant cheque books by december 15, 2012. Cheque books issued, by the bank, on or after 1st january 2012 are cts 2010 standard compliant.
Cts holy week missal peoples edition catholic truth society. Simple guide for customers to identify if their cheques are cts. Cheque truncation system new benchmark for cheques in banks. If you have obtained the cheque book prior to this, the cheques will not be valid after december 31, 2012. You may be using a physical cheque book, but at the backend, banks have. Validity of non cts cheques extended chequeman blog. 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. No noncts2010 cheques will be encashed after this date. Why you need to apply for a new cheque book considered to be a major milestone in the history of indian banking, cheque truncation system cts aims to make cheque clearance more. Getahead 7 things you need to know about the new cheque books 7 things you need to know about the new cheque books last updated on. Cts2010 cheque truncation system cheque is a new type of cheque introduced by reserve bank of india. Cheque book issued till 04 november 2012 is noncts compliant is my.
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. As per reserve bank of india rbi guidelines, cheque books issued by banks need. After i placed a request for new cheque book, i found that my existing cheque. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. Cheque book issued till 04 november 2012 is non cts compliant is my cheque cts compliant. I had to give the first page of my old cheque book and they took my request. Request through online banking phone banking numbers. Yes, i guess in order to get new cheque book, you need to place an request and post 31 december 2012, our old cheque will be of no use and will not be acceptable to anywhere.
Rbi extends cheque upgradation deadline till march next year 14 dec, 2012, 07. We had earlier reported that your old cheque books may become invalid, come january 1, 20. To identify that the new cheque book is cts2010 compliant, please. Adhil shetty updated on december 24, 2012 published on december 22, 2012. The move to replace cheques with instruments that meet the new cheque cts. Bank customers do not need to discard their noncts 2010 standard cheque books in a hurry to get. Cheque truncation system reduces the scope for clearingrelated frauds. The reserve bank of india rbi has introduced a new format for cheques, the cts2010. Come april 20 and your old cheque books from your bank account in india will become void.
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. 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. 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. How do i order a cts2010 standard compliant cheque book. 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 cts across the country.
Just check, whether your existing cheque book is ctscompliant or you need to get a new ctscomplaint cheque book issued before 31st december 2012. 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. What is the format of cts2010 standard cheque book. Surrender your old cheque book and apply for new cheque. With this, the bank will not accept all the noncts cheques that you issue from your existing cheque book and those will be out of circulation from december 31, 2012. Standardization and enhancement of security features in cheque formsmigrating to cts 2010 standards. Get ready to order new india cheque books times of. Cheque book issued till 04 november 2012 is noncts compliant. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts2010. Please look for the letters cts2010 printed perpendicularly on the cheque leaf near the perforation on the left side as shown in the image. Truncation means, stopping the flow of the physical cheques issued by a drawer to the drawee branch.
Cheque truncation system cts cheque printing software. If your cheque book has been indented prior to 1st january 2012, you are requested to indent for new cheque. Cts 2010 standard has introduced new security and format features in cheques, including popular micr code. Therefore, we recommend you to replace your noncts2010 cheque book with a new cheque book at the earliest. Cts has been implemented in new delhi, chennai and mumbai with effect from february 1, 2008, september 24, 2011 and april 27, 20 respectively. 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. Any non cts2010 standard cheques will not be valid after december 31, 2012. Three things to know if you still use cheques livemint. Dec 05, 2012 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. Cheque truncation system is a step by step process to simplify the conventional means of cheque clearance.
Cheque truncation system cts refers to rbis plan to discontinue routing paper cheques all the way from the drawees bank branch to the issuers branch. Cheque truncation system cts is the system in which the flow of physical movement of the cheque will be eliminated in the cheque clearing process. 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. Used 2012 cadillac cts standard features the base cts sedan and wagon variants are powered by a 270horsepower 3. If you have ordered your cheque books recently, say, a month ago, you may have already received ctscompliant cheque leaves, since most banks have already migrated to the new system. If you have availed a home or auto loan and issued postdated. In case the cheque leaves with you are not cts standard, please request for a new cts 2010 standard cheque book. As per rbi guidelines, there have been certain changes made to the cheques issued by the bank.
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