Non cts cheques were meant to be discontinued from use throughout the country from 31 july 20. Cheque issuing banks shall make all efforts to withdraw the non cts 2010 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. Cheque truncation system cts is a cheque clearing system undertaken by the reserve bank of india rbi for quicker cheque clearance. Though banks have started issuing new cts2010 based cheque books to customers, a large number of noncts2010 standard cheques are still being used. First and foremost, many thanks goes to axis bank, india for providing helpful information. Cheque truncation system cts, an online imagebased clearing system for faster clearing of cheques in india. Get your new chequebook, now patna news times of india. The reserve bank of india rbi has introduced a new format for cheques, the cts 2010 standard as part. 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.
This means that there will be no physical movement of the cheque but rather an. Most banks are now issuing cts cheque truncation system 2010 cheque books only and are collecting unused cheque leaves of the non cts 2010 cheque books. For the uninitiated, cts transforms cheque clearing from a. Features of cts2010 standard chequects cheque truncation. 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. The right hand corner of the cheque leaf has boxes provided for the date which is in the ddmmyyyy format. 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. Get ready to order new india cheque books times of. Noncts cheques valid till 31 july rbi india infoline. The branch address and ifsc code should be on the top left side of the cheque 2.
Get ready to order new india cheque books times of india. So it is necessary for all to understand how your new cheque format looks like. Cheque truncation system, abbreviated as cts, is nothing but an electronic verification procedure using imagebased processing. Reserve bank of india procedural guideline for cheque. Please note that non cts 2010 standard cheques will not be valid after december 31, 2012. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts2010. All the cts2010 cheque should be clean, image friendly and over writing is not accepted because the cheque will be cleared through image based clearing system.
How to identify my cheque book cts2010 standard compliant. Cheque book issued till 04 november 2012 is noncts compliant is my cheque cts compliant. Nov 19, 2014 all banks providing cheque facility to their customers have been advised to issue only cts 2010 standard cheques. 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. Cheques not complying with cts 2010 standards will be cleared at less frequent intervals i. Jan 12, 20 8 boxes to write the date in ddmmyyy format.
The word cts 2010 printed on the left side of your cheques near the. Indias largest lender the state bank of india sbi will implement the cheque truncation system cts 2010, the new standard of cheques as mandated by the reserve bank of india. Sep 03, 2012 it is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. Cts best practice guidelines national payments corporation of india 5 1. You can now print your cheque in cts 2010 with out any worries. 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. Also already circulated cheques will be replaced within 31st december 2012. The benchmark prescriptions are collectively known as cts 2010 standard. As per rbi guidelines, non cts 2010 standard cheques will be withdrawn from circulation by 31july20. 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. In this system of clearing, the collecting bank need not present the physical cheque to the drawee branch. The number 2010 in cts2010 is because the guidelines for cts came up in the year 2010. 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.
Cheque printing software indian banks cts 2010 functional. So it is necessary for all to understand how your new. Sbicca has a proven successful track record of producing highquality. Words cts 2010 printed on the left hand side of the cheque leaf near perforation. To ensure interoperability of the standard electronic process across all participating. Standardization and enhancement of security features in. How to identify my cheque book cts2010 standard compliant or. The presenting bank captures the cheque images and magnetic ink charecter recognition micr data from end to end precise scanners by using the capture. Cts certified technology specialist exam guide, second edition. Cts 2010 standard paper doesnt glow under ultraviolet light. As per reserve bank of india rbi guidelines, cheque books issued by banks need to be compliant with the cheque. Sbi is arranging to send these new series of cheque books to its. If you are holding the non cts 2010 standard cheque books cheque leaves, you are requested to surrender the same at the base branch where you are having your account and apply for new cts 2010 standard cheque book. Instead of this an electronic image of the cheque is transferred with vital essential data.
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. Jul 16, 20 standardization and enhancement of security features in cheque formsmigrating to cts 2010 standards please refer to the instructions contained in our circular no. Though banks have started issuing new cts 2010 based cheque books to customers, a large number of non cts 2010 standard cheques are still being used. 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. Standardization and enhancement of security features in cheque formsmigrating to cts 2010 standards please refer to the instructions contained in our circular no. Cts 2010 compliant cheques latest breaking news, pictures, videos, and special reports from the economic times. The benchmark prescriptions are collectively known as cts2010 standard. If these features are not present in your cheque book, than your cheque book is not a valid cts2010 standard compliant. To change the cheque dimensions, you can click and drag the borders of the cheque. Branches may issue a cheque book of 10 leaves, if a customer demands the same, and also ensure that adequate stocks of such cheque books of 10. Dec 31, 2012 come april 20 and your old cheque books from your bank account in india will become void. To help you identify whether the cheque book you currently hold is cts compliant or not, you can look for the following features. Nov 21, 2012 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. Cheque truncation system cts 2010 standards bankbazaar.
Cts cheque 2010 is a image based cheque clearing system undertaken by public banks of many countries for faster clearing of cheques based on electronic data. Please sign above is mentioned on bottom right of the cheque. Following are the features of new cts 2010 compliant cheques. Come april 20 and your old cheque books from your bank account in india will become void.
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. April 14, 2015 dear all welcome to the refurbished site of the reserve bank of india. This system is followed for clearing cheques in an errorfree, fast and hasslefree manner. One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise. Dec 23, 2012 it is now mandatory for banks to strictly issue standardized and enhanced new format of cheques called cts 2010. Sep 14, 2015 the number 2010 in cts2010 is because the guidelines for cts came up in the year 2010. Everything you need to know about cts 2010 cheques. Cheque book issued prior to december 2010 is non cts compliant savings treasure accounts. Everything you need to know about cts 2010 cheques banking basics hdfc bank. As per rbi guidelines, cheque has a certain size which is fixed for almost all bank cheques. 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.
Follow uniform holiday calender for cts cheque clearing. Non cts 2010 cheques will take much longer to clear. The reserve bank of india rbi has introduced a new format for. A pantograph which shows voidcopy while taking photocopy of the cheque below the account number. There is a new symbol of rupees inserted near the numerical amount column. Please sign abovea is written on the cheque at the bottom right side. Banks holding postdated emi cheques would replace noncts2010 standard cheques with cts2010 standard cheques before march 31, 2012. Fintotal news analysis noncts2010 cheques will take. The new cts standard enables banks to convey the cheque as an image to the clearing house rather than in its physical form. Cts certified technology specialist exam guide, second edition grimes, brad, inc.
Sbicca is based in southern california and totally captures the essence of the california lifestyle. These cheques have cts 2010 printed near the left margin. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. Noncts cheques were meant to be discontinued from use throughout the country from 31 july 20. Cheque truncation system cts explained bankexamstoday. This document covers banks policy in respect of multicity payable at par cts2010 standard cheques. Sbicca has been making shoes, sandals, sneakers and wedges for 92 years.
Cheques not complying with cts2010 standards will be cleared at less frequent intervals i. Cheque truncation system standard operating procedure multi session for processing cts 2010 and non cts 2010 instruments 1. Cheque issuing banks shall make all efforts to withdraw the noncts2010 standard cheques in circulation before the extended timeline of july 31, 20 by creating awareness among customers through sms alerts, letters, display boards in branchesatms, logon message in internet banking, notification on the website etc. Please note that when you receive or issue a cheque, if. All banks providing cheque facility to their customers have been advised to issue only cts2010 standard cheques.
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. Jan 01, 2019 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. Rbi has introduced a new format for cheques, the cts2010 standard as part of its measures for enhancement of security features. Jan 01, 20 cts cheque 2010 is a image based cheque clearing system undertaken by public banks of many countries for faster clearing of cheques based on electronic data. All banks providing cheque facility to their customers have been advised to issue only cts 2010 standard cheques. All cts cheques carry a watermark, with the words ctsindia, which become visible when held against any light source. 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.
Features of new cts 2010 compliant cheque chequeman blog. Cts certified technology specialist exam guide, second. Also all the current circulated cheques will be replaced within 31st march, 20. Cheque books issued, by the bank, on or after 1st january 2012 are cts 2010 standard compliant. However, banks may continue to follow their existing policy regarding cheque book issuance for additional issuance of cheques, in adherence to their accepted fair practices code. Can you please mail me a scanned copy of the latest cheque leaf that is compliant with cts 2010.
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. Pantograph wavelike design with hidden embedded word void become clearly visible in photocopies of a cheque. Watermark cts india to be visible cheque is held against any light. Published with infocomm international, cts certified technology specialist exam guide, second edition provides comprehensive coverage of all objectives on the latest release of the infocomm certified technology specialist exam. The cheque truncation system cts is basically an online imagebased clearing system ics. Standardisation and enhancement of security features in cheque forms, the introduction and implementation of additional security features on cheque forms will commence from 1. Cts 2010 standards cheque s issued have the following distinguishing features. Does your software supports cts 2010 cheque formats. Cts best practice guidelines cts best practice guidelines. Sep 03, 20 cheque truncation system cts, an online imagebased clearing system for faster clearing of cheques in india.
As the term proposes, truncation is the course of discontinuing the flow of the physical cheque in its way of clearing. So you should immediately indent a new cts2010 standard. Printers name with cts 2010 in left side of cheque. Gridbased cheque truncation system cts has been launched in chennai, mumbai. 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. It is now mandatory for banks to strictly issue standardized and enhanced new format of cheques called cts2010. As of now the banks in india are using different formats for their cheque leaves mainly for branding, identification, security features etc. You can see some of the features to identify if you have a cts 2010. Yes, as per the new guidelines provided by rbi reserve bank of india all indian banks should follow cts 2010 cheque formats, and virtual splat has already taken care about this rule. Know your new ctc2010 standard bank cheque format it is now mandatory for banks to strictly issue standardized and enhanced new format of cheques called cts2010.
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. Fintotal news analysis noncts2010 cheques will take much. Cheque frauds can be greatly reduced with introduction of minimum security features prescribed under cts standards 2010, such as embedded verifiable features such as barcodes, encrypted codes. 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. If these features are present in your cheque book, it is a cts compliant one. 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.
Identify whether your existing citibank account cheque book is cts 2010 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 non cts 2010 standard cheques with cts 2010 standard cheques. Prohibiting alterations corrections in cheques presented through cheque truncation system cts reserve bank of india in order to identify and control fraudulent alterations on cheques has issued guidelines that no changes corrections should be carried out on the cheques other than date validation purposes, if required. 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. Branch address with ifsc code printed top of the cheque. The number of cheque leaves in the multi city payable at par cts2010 standard cheque books will be as under. Chequetruncation means stopping the flow of the physical cheque.
You need to apply in your bank for the same and it is available free of cost. Nris, get ready to order new india cheque books the economic. Watch the demo video to know why the new cts system speeds up cheque clearing times. Banks shall not charge their savings bank account customers for issuance of cts 2010 standard cheques when they are issued for the first time. Does your software supports cts2010 cheque formats.
Cheque book issued till 04 november 2012 is non cts compliant is my cheque cts compliant. What does cts 2010 noncompliant cheque mean in icici. Cheque book issued prior to december 2010 is noncts compliant savings treasure accounts. Everything you need to know about cts 2010 cheques banking. We would like to inform you that we have been issuing cts 2010 compliant cheque books since april 2011. The word is clearly visible in photocopies of a cheque. This article on cts cheque 2010 is for increasing public awareness and a special information for indian residents regarding cts cheque. Cts 2010 introduced some standards and security features such as quality of paper, watermark, filed placements, banks logo in invisible ink, void pantograph, etc. You can see some of the features to identify if you have a cts2010.
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