Also already circulated cheques will be replaced within 31st december 2012. Cheque truncation system, abbreviated as cts, is nothing but an electronic verification procedure using imagebased processing. Request you to make a note that noncts compliant cheques would. You can also request for a new cheque book through dbs atm or internet banking.
Cts 2010 standard has introduced new security and format features in cheques, including popular micr code. If you received your cheque book before august 2011, you are requested to order a new one. The sample of a cts 2010 standard cheque format is shown below. Cheque issuing banks shall make all efforts to withdraw the noncts2010 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. December 31st is the last day of using noncts cheques for account holders of all banks including sbi state. Request you to make a note that noncts compliant cheques would not be accepted by banks for clearing post 31 july 20. Hdfc bank awards consistently awarded among indias best. How to order cheque books through hdfc bank internet banking. 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. How to apply for a cheque book through hdfc netbanking. Can you please mail me a scanned copy of the latest cheque leaf that is compliant with cts 2010. Cts 2010 introduced some standards and security features such as quality of paper, watermark, filed placements, banks logo in invisible ink, void pantograph, etc. Older cheque leaf to outdate on dec 31, 2012 cts 2010. Overseas forex trading through internet trading portals.
So, better hurry up if you havent got your old cheque books replaced with cts2010 standard cheque books. Today, we are proud to say that we are well on our way towards that goal. Rbi has issued a circular telling all banks that they should only process and accept those cheques which follow cts guidelines what is cheque truncation system or cts. Add one more item get a new cheque book to your list of things to do before the new year. However, these changes are available only in cheque books issued after august 2011. Most banks have already stopped clearing non cts cheques since january 1, 2019. From april 20, all banks have to ensure the withdrawal of noncts 2010 standard cheques. Therefore, we recommend you to place a request for a new cheque book. As per rbi guidelines, after march 31, 20, noncts2010 standard compliant cheques will still be accepted for clearing but will be cleared at less frequent intervals. So it is necessary for all to understand how your new cheque format looks like. Bank customers do not need to discard their noncts 2010 standard cheque books in a hurry to get their multicity cts2010 standard cheque leafs. 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 to apply for hdfc new cheque book request for hdfc cts. Just check, whether your existing cheque book is ctscompliant or you need to get a new ctscomplaint cheque book issued before 31st december 2012.
Cts2010 standard cheques free book on indian stock market. This means that there will be no physical movement of the cheque but rather an. So, better not to waste much time and get your new cheque. Noncts cheques may face further clearance delay from may 1. And you must do it latest by december 31, 2018, if you dont want your cheques to. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010.
And the customers to this respect have been asked to get their noncts cheque book replaced and instead get the new cts2010 standard chequebook for free. There will be no value cap for pap cheque issuance and no charges will. There is a new standard in banking called as cheque truncation system or cts 2010, which all the banks have to follow now. Cts 2010 standard cheque introduced for standardization of security features and easy processing. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. This is how a standard cts2010 complaint cheque looks like. Private bankers such as icici bank and hdfc bank had started issuing cts2010 compliant cheque books since last year as also public bankers such as the state bank of india, allahabad bank and united bank of india. Only cheque books issued after aug 2011 are cts 2010 compliant. Charges over and above standard remittance charges for fund transfer neft rtgs. 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. The cts 2010 standards are given in the publication of rbi which can be read using the link below. 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. As per rbi guidelines, cheque has a certain size which is fixed for almost all bank cheques. To verify if your cheque will hold true post december 2012, check for the following two features on cheque, if they are present, you dont need to worry, if not, order your new cheque book varies from bank to bank.
Cheques drawn on speed clearing branches at cts locations, no charge. This video is a step by step demo of how to apply for a new cheque book of hdfc through hdfc net banking or online through their website easily. A reproduction of the sample cheque available on rbis website. If you have ordered your cheque books recently, say, a. What is the format of cts2010 standard cheque book. Online banking amfi cams sbi kyc sip investments download forms karvy hdfc bank aadhaar epfo income tax cheque book mobile. As per an old rbi rule, noncts cheques will be invalid after january 1st, 2019. 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.
Cts2010 standard cheque introduced for standardization of security features and easy. We realised that only a singleminded focus on product quality and service excellence would help us get there. The first 6 digits written between xxxxxx represents the cheque number. Pap cheque book, free 25 cheque leaves per year financial year.
In an official notice on its website, hdfc bank says separate sessions for clearing of noncts cheque will be discontinued from december. This system is followed for clearing cheques in an errorfree, fast and hasslefree manner. Cheque truncation system cts, an online imagebased clearing system for faster clearing of. Only cts 2010 standard cheque books are to be used after. Cts 2010 standard cheques will be cleared on all working days. Hdfc bank began operations in 1995 with a simple mission. Sbi customers can deposit their non cts cheque in their respective branch and get free new cts 2010 standard chequebook. If you are still in use 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 rbi guidelines, there have been certain changes made to the cheques issued by the bank. Bank customers rbi new guidelines 2019 non cts cheques. Jan 12, 20 8 boxes to write the date in ddmmyyy format.
Check your current cheque book is it valid new cts. Sbi customers can deposit their noncts cheque in their respective branch and get free new cts2010 standard chequebook. The deadline for new cheques under the cheque truncation system cts2010 has been extended till 31 march 20 by the rbi. As of now the banks in india are using different formats for their cheque leaves mainly for branding, identification, security features etc. Noncts cheques to become invalid from january 1 goodreturns. And if you hold any postdated cheques beyond 31st march you will have to arrange to get it replaced with a new cheque truncation system cheque. Simple guide for customers to identify if their cheques are cts. Rbi extends cheque upgradation deadline till march next year 14 dec, 2012, 07. As per rbi guidelines, non cts 2010 standard cheques will be withdrawn from circulation by 31december20. The move to replace cheques with instruments that meet the new cheque cts. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts2010. Collection of outstation cheques our bank locations. How cts2010 cheque is different cts2010 mark up on the vertical side line as shown in above image.
Features of cts2010 standard chequects cheque truncation system 6222014 01. 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. Check your cheque status, only those in new format will be. If your cheque placement does not look like the one in the image above and does not have cts2010 printed on it, you must do new cheque book requests from your bank quickly. All compliant cheques will have cts2010 printed on the left side of each cheque leaf. Easy way for cheque printing, bulk cheque printing, configure cheque, manage cheque book, readyade cheque templates for major banks gnprinting is a windows based, menu driven, user friendly cheque printing software that helps you to organize, print and track your cheques very easily. If you have availed a home or auto loan and issued postdated. It might happen that your cheques start bouncing and do not get accepted from jan 1, 20. In an official notice on its website, hdfc bank says separate sessions for clearing of noncts cheque will be discontinued from december 31. It is extremely gratifying that our efforts towards providing. Read more about check your cheque on business standard. Cheque truncation system new benchmark for cheques in banks. 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.
Cheques drawn on speed clearing branches at non cts locations. Over the past month, you must have got a letter, an email or an sms from your bank asking you to surrender your old cheque book and collect the new cheque book before december 31, 2012. 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. If your cheque book is issued prior to august 2011, you are requested to indent for a new cheque book to avoid any inconvenience. In an official notice on its website, hdfc bank says separate sessions for clearing of non cts cheque will be discontinued from december 31. Cheque printing software cheque writing print bank. 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. India, hdfc, punjab national bank, icici, bank of baroda and others. Everything you need to know about cts 2010 cheques banking. View image above if your cheque is not of cts2010 standards then you need to apply for new cheque book of this standard and surrender the older cheques.
International helpline 91446685 4555 or your relationship manager to request for a new cheque book. Cheque books issued after aug 2011 are cts 2010 compliant. If you received your chequebook before august 2011. Cheque truncation system cts 2010 standards bankbazaar. Noncts cheques may face further clearance delay from may. All chequebooks issued by the bank after aug 2011 are cts 2010 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. As per the direction of reserve bank of india rbi, non cts 2010 cheques will be withdrawn by. You may not be able to use your old cheques from next year with the implementation of the new cheque truncation system cts2010, which will eliminate physical movement of cheques for clearing. Please note, from 1st jan 2015, non cts standard cheques shall be cleared only once a week i. So, better hurry up if you havent got your old cheque books replaced with cts 2010 standard cheque books.
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