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. So, better hurry up if you havent got your old cheque books replaced with cts2010 standard cheque books. 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.
The branch address should be printed on the left side top corner. All residual noncts2010 cheques with customers will continue to be. Cts 2010 compliant cheques latest breaking news, pictures, videos, and special reports from the economic times. Bank customers do not need to discard their noncts 2010 standard cheque books in a hurry to get their multicity cts2010 standard cheque. Everything you need to know about cts 2010 cheques. So it is necessary for all to understand how your new cheque format looks like. In line with this, banks have been asking their customers to contact their nearest branch to collect the new cts2010compliant cheque books. On 17 july 20 the rbi extended the deadline to 31 december 20. Earlier, cheques deposited by customers used to be presented by the collecting bank to the paying bank over the counter of t.
Starting 1 august 20 only cts2010 compliant cheques would be accepted for clearing. Emirates world earn miles with every swipe and see the world sooner. The rbi has issued standards for the cts2010 cheque book, which can be accessed at ecs debit. Also already circulated cheques will be replaced within 31st december 2012. Can you please mail me a scanned copy of the latest cheque leaf that is compliant with cts 2010.
It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts2010. International helpline 91446685 4555 or your relationship manager to request for a new cheque book. Tips to replace non cts2010 compliant cheques the economic. If you have availed a home or auto loan and issued postdated. Change the way you pay your credit and debit card instore,within mobile apps or online. Simple guide for customers to identify if their cheques. You can also request for a new cheque book through dbs atm or internet banking. Cheque book issued prior to december 2010 is noncts compliant. As per the negotiable instruments act, every cheque is required to be presented to the drawee paying bank for payment. Request you to make a note that noncts compliant cheques would not be accepted by banks for clearing post 31 july 20. 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.
Yatra platinum credit card a card thats perfect for frequent travelers. Cheque truncation system cts, an online imagebased clearing system for faster clearing of cheques in india. Is your cheque book cts2010 compliant standard chartered india. Watch the demo video to know why the new cts system speeds up cheque.
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. Jan 12, 20 8 boxes to write the date in ddmmyyy format. And you must do it latest by december 31, 2018, if you dont want your cheques to. We would like to inform you that we have been issuing cts2010 compliant cheque books since.
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