Request you to make a note that noncts compliant cheques would not be accepted by banks for clearing post 31 july 20. 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. Dosto rbi ke new guidelines ke mutabik agar abhi tak aap non cts chequebook use karte hai to 31 december 2018 ke phle apne bank. Noncts cheques may face further clearance delay from may 1. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts2010. Cts2010 cheques have certain common security features and standardised field placements for enabling image based processing of. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. Cts cheque clearance has indian banking moved ahead or. No any cheque that is a non cts cheque will be returned by the bank as not a valid instrument under ni act. Cheque truncation system cts or imagebased clearing system ics, in india, is a project. Incase the cheque book you currently have is not cts2010 compliant as per the above 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.
How do i order a cheque book or payingin book using. How to identify my cheque book cts2010 standard compliant. Chequebook definition of chequebook by the free dictionary. No noncts2010 cheques will be encashed after this date. Time is extended till 31 july 20 to get new cheque books conforming to rbis cts2010 standard. Well automatically send you chequebooks and payingin books when your current ones near completion. Noncts cheques were meant to be discontinued from use throughout the country from 31 july 20. How to apply for hdfc new cheque book request for hdfc. A sample video that demonstrate live cts cheque scanning in branch. So, if you have sent a request for issuing a new cheque book, say a couple of months back or more, and have enough cheque leaves even at present, you must check whether they are cts complaint before you issue a cheque intended to be honoured anytime in 20.
Cts has been implemented in new delhi, chennai and mumbai with effect from february 1, 2008, september 24, 2011 and april 27, 20 respectively. Those who have not yet got the ctscompliant cheques can. Cheque truncation system cts in india is for faster clearing of cheques where cheque data are captured at the collecting bank branch and transmitted. Chequebook definition and meaning collins english dictionary. A pantograph which shows voidcopy while taking photocopy of the cheque below the account number.
Bank customers rbi new guidelines 2019 non cts cheques stop. The cheques before the implementation of cts did not contained sufficient security features to be identified clearly and hence, they were used accordingly for the malafide purpose. Automatic chequebook ordering has simply had to fit in with the other systems developments that have been undertaken. Cheque truncation system cts is a cheque clearing system undertaken by the reserve bank of india rbi for quicker cheque clearance. Please look for the letters cts2010 printed perpendicularly on the cheque leaf near the perforation on the left side as shown in the image. Every account holder must deposit their non cts cheques and cheque books in their respective branch and get new cheque leaves or books as per the new cts 2010 standard. So it is necessary for all to understand how your new cheque format looks like. What is cts chequebook what is non cts cheque rbi new guidelines for using non cts. Banks will clear cheques faster with this new tech. The reserve bank of india rbi has extended the deadline for implementing the cheque truncation system2010 cts 2010 by another three.
To help you identify whether the cheque book you currently hold is cts compliant or not, you can look for the following features. The rbi is now planning to implement a panindia cheque truncation system. The cheque truncation system cts is currently operational in india. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. 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. Cts cheque latest breaking news, pictures, videos, and special reports.
The rbi has notified that old cheques will continue to be valid. How to apply for hdfc cts cheque book online from mobile. Rbi to introduce panindia cts by sept 2020 to make cheque. 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 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. 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 the term proposes, truncation is the course of discontinuing the. If you are having non cts cheque book,then take a new one. Cheque books of these 6 banks will be invalid soon, warns sbi. If these features are present in the cheque book, it is a cts compliant one. You can see some of the features to identify if you have a cts2010. Noncts cheques may face further clearance delay from may. Cheque book request letter format example of request letter to hdfc sbi branch manager for issue of new cheque book. Cheque truncation system cts or imagebased clearing system ics, in india, is a project of the reserve bank of india rbi, commencing in 2010, for faster clearing of cheques. Go to your bank branch and request for a new cheque book or order one online. In the former case, the drawer of a cheque creates a written instruction to his bank or building.
Please identify if your existing citibank account cheque book is cts2010 compliant. 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. Also already circulated cheques will be replaced within 31st december 2012. Those users holding noncts cheque books wont get their cheques cleared starting september 2020. Check your current cheque book is it valid new cts. We would like to inform you that we have been issuing cts2010 compliant cheque books since april 2011. As per guidelines, non cts2010 cheques issued by bank in india will be. If these features are present in your cheque book, it is a cts compliant one.
As per rbi guidelines, noncts2010 standard compliant cheques will be accepted for clearing up to july. If you are still in use of nonctc cheque books, then it is in your own. Get your new chequebook, now patna news times of india. If you have availed a home or auto loan and issued postdated. As per the guidelines the new cheques need to have. 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. Now after the rbi instructions, the banks are advising their customers to replace the old cheque book with a new cheque book. 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. Policy on collection of chequesinstruments customer relations department. Request a cheque book on karur visya bank, icici, indian overseas bank, axis bank, citibank, state bank of hyderabad, karur vysya bank, state bank of mysore, ing vysya bank.
Does your software supports cts2010 cheque formats. A natwest spokesman said that it was all down to the banks computer systems. Yes, as per the new guidelines provided by rbi reserve bank of india all indian banks should follow cts2010 cheque formats, and virtual splat has. The central bank has said that the use of the noncts cheque book will be completely closed from 1 january 2019. How can i get a replacement chequebook andor payingin book. Cts transfer money cheque book truncation system rbi. Fintotal news analysis noncts2010 cheques will take. Considered to be a major milestone in the history of indian banking, cheque truncation system cts aims to make. How do i order a cheque book or payingin book using online banking. Get ready to order new india cheque books times of. Sample application to branch manager for issuance of cheque book check book against your account number.
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