Cheque book issued till 04 november 2012 is non cts compliant is my cheque cts compliant. If these features are not present in your cheque book, than your cheque book is not a valid cts 2010 standard compliant. Cheque book issued prior to december 2010 is noncts compliant. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts2010. So, the validity of non cts cheques is again extended, this time upto 30th april 2014. The cheque truncation system cts is a process of stopping flow of physical cheque in which an electronic image of the instrument is presented when it comes. So you should immediately indent a new cts 2010 standard. All the banking participants, be it banks, or bank customers or loan companies or security printers or courier folks, were working overtime in the last couple of months, to be ready for the cts 2010 cheques from 010120. Enhancement of security features in cheque forms migrating to cts 2010 standards as covered in annex xa and other circulars from time to time. 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. The benchmark prescriptions are collectively known as cts2010 standard. Cheque issuing banks shall make all efforts to withdraw the noncts2010 standard cheques in circulation before the extended timeline of 31 july.
The usual period is 6 calender months unless it is a divident cheque which states on it that it is valid for 12 months or a dhss cheque, i think with only a 3 month validity, hope that helps. Please look for the letters cts2010 printed perpendicularly on the cheque leaf near the perforation on the left side as shown in the image. Refer to section 6 of negotiable instruments act and s. The reserve bank of india rbi on monday extended the deadline to migrate to newlook cheques cts2010 standard cheques with more security and standardised features to. Then this cheque moves physcially from his bank to your bank which involves a lot of time and risk. Non cts compliant cheques shall not be processed for clearing with effect from january 1, 2019, pnb said in a notification.
In case your cheque is not cts2010 compliant, you can request for a new cheque book by logging in to citibank online. Every used car for sale comes with a free carfax report. Rbi extends deadline for withdrawing noncts 2010 cheques by. Cheque truncation system, abbreviated as cts, is nothing but an electronic verification procedure using imagebased processing. The number 2010 in cts2010 is because the guidelines for cts came up in the year 2010. Rbi extends cheque upgradation deadline till march next year 14 dec, 2012, 01. You need to apply in your bank for the same and it is available free of cost. Change the way you pay your credit and debit card instore,within mobile apps or online. If the above letters are present, your cheque book is cts2010 compliant 5. The right hand corner of the cheque leaf has boxes provided for the date which is in the ddmmyyyy format. Rbi guidelines on standardization of security features for cheque leaves, referred to as cts2010 are aimed at enhancing customer safety and facilitating easier. Can you please mail me a scanned copy of the latest cheque leaf that is compliant with cts 2010. 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.
You must obtain a cts2010 compliant cheque book on or before 31st march 20. Your cheques can be permanently banned after january 1, 2019. 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. Sep 14, 2015 the number 2010 in cts2010 is because the guidelines for cts came up in the year 2010. One can find this symbol where we write amount in figures. Banks shall not charge their savings bank account customers for issuance of cts2010 standard cheques when they are issued for the first time. Mar 18, 20 the reserve bank of india rbi on monday extended the deadline to migrate to newlook cheques cts 2010 standard cheques with more security and standardised features to july 31, from march 31, 20. Sbi is arranging to send these new series of cheque books to its customers at their last recorded address. Dec 16, 2012 you must obtain a cts 2010 compliant cheque book on or before 31st march 20. The reserve bank of india has extended validity of old cheque book non cts2010 standard up to july 31, 20. And you must do it latest by december 31, 2018, if you dont want your cheques to. Cheques not complying with cts2010 standards will be cleared at less frequent intervals i.
Noncts2010 complaint cheques valid up to jul20how does. However some of the features of cts cheques are cheque printer details. Further, in case you have issued noncts2010 standard postdated cheques pdcsequated monthly instalment emi cheques for repayment of your loan, you are. Sep 03, 2012 it is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. 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. This system is followed for clearing cheques in an errorfree, fast and hasslefree manner. Cheque book issued prior to december 2010 is noncts compliant savings treasure accounts. So, better hurry up if you havent got your old cheque books replaced with cts2010 standard cheque books.
It is illegal to issue a blank or post dated cheque. The clearing timings of noncts session are covered in annex xb 1. So it is necessary for all to understand how your new cheque format looks like. Request new cheque book by december 31, 2017 account holders of the erstwhile associate banks can now apply for new cheque books till december 31. 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.
Cheque truncation system cts cheque printing software. If the letters cts2010 are present here, your cheque book is cts2010. Truncation is the process of stopping the flow of the physical cheque issued by a drawer to the drawee branch. 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. Standardisation and enhancement of security features in. How is cts 2010 will be different from earlier system of cheque clearance. Sbi, hdfc, pnb, icici, bob, other bank customers these to become invalid noncts cheques used by customers of all banks including state bank of india sbi, hdfc bank, icici bank, bank of baroda, punjab national bank and others will become invalid from january 1. Many banks have still not asked their customers to surrender the non cts 2010 cheque books to reflect the change, a crosssection of.
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. Apr 29, 2014 non cts cheques may face further clearance delay from may 1. No non cts 2010 cheques will be encashed after this date. Cheque printer details along with cts2010 mentioned on the extreme left hand side, near the side where you detach a cheque leaf from the cheque book. Thus, it is considered as the major landmark in the indian banking industry. If your cheque book is issued prior to august 2011, you are requested to indent for a new cheque book to avoid any inconvenience. Noncts cheques may face further clearance delay from may 1. Void pantograph just below where the account number is mentioned.
No noncts2010 cheques will be encashed after this date. Cheque book issued till 04 november 2012 is noncts compliant is my cheque cts compliant. Will my old cheques that are not cts2010 still work. Nov 16, 2017 request new cheque book by december 31, 2017 account holders of the erstwhile associate banks can now apply for new cheque books till december 31, 2017, which in effect means that the old cheque. Rbi extends deadline for noncts cheques till july 31 india. Frequently asked questions on cheque truncation system cts 2010 1. Check your current cheque book is it valid new cts. 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. Noncts compliant cheques shall not be processed for clearing with effect from january 1, 2019, pnb said in a notification. Now, old cheque is valid up to july 31 goodreturns. Cts 2010 standard cheques will be cleared on all working days. 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. Procedural guidelines for cheque truncation system cts.
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. Jan 12, 20 8 boxes to write the date in ddmmyyy format. Those who have given noncts2010 cheques for paying their car or home loan emis must resubmit cts2010 standards cheques before. 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.
Rbi extends deadline for withdrawing noncts 2010 cheques. Most banks have already stopped clearing non cts cheques since january 1, 2019. All residual noncts2010 cheques with customers will continue to be valid and accepted in all clearing houses including the cheque truncation system cts centres for another four months up. Rbi guidelines on cts2010 cts is an abbreviation for cheque truncation system. Cheques not complying with cts 2010 standards will be cleared at less frequent intervals i. Jun 25, 20 non cts 2010 complaint cheques valid up to jul20how does this impact you. Identify whether your existing bank accounts cheque books are cts2010 compliant request for a new cheque book, if required. Those who have given non cts 2010 cheques for paying their car or home loan emis must resubmit cts 2010 standards cheques before. At present, when you issue a cheque to someone, he has deposit the cheque in his bank to get credit. How to identify my cheque book cts2010 standard compliant or. Dec 23, 2012 validity of noncts 2010 cheques extended by another 3 months. Many banks have still not asked their customers to surrender the noncts 2010 cheque books to reflect the change, a. 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.
Important message cts 2010 regulation applicable to cts. In an official notice on its website, hdfc bank says separate sessions for clearing of noncts cheque will be discontinued from december 31. Cts2010 standard cheque introduced for standardization of security features and easy processing. Further, in case you have issued non cts 2010 standard postdated cheque s pdcsequated monthly instalment emi cheques for repayment of your loan, you are. Dec 19, 2018 so, better hurry up if you havent got your old cheque books replaced with cts2010 standard cheque books. 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. Under the cts system, the physical movement of cheques between banks will be elminated. Non cts compliant cheques cheques not compliant to the cheque truncation systemcts 2010 standards will be cleared thrice a week only, until 30 april, 2014. A reproduction of the sample cheque available on rbis website. 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. Jan 15, 2014 non cts compliant cheques cheques not compliant to the cheque truncation systemcts 2010 standards will be cleared thrice a week only, until 30 april, 2014. For the past 6 months, rbi has been announcing several times saying noncts2010 compliant cheques would be valid up to specific period.
If you have availed a home or auto loan and issued postdated. Noncts cheques valid till 31 july rbi india infoline. For the past 6 months, rbi has been announcing several times saying non cts 2010 compliant cheques would be valid up to specific period. As per the direction of reserve bank of india rbi, non cts2010 cheques will be withdrawn by. The physical instrument will be truncated at some point enroute to the drawee branch and an electronic image of the cheque would be sent. Bank customers rbi new guidelines 2019 non cts cheques.
Here it seems you are asking about a cheque which is signed but not dated and no other details are filled in. Go to your bank branch and request for a new cheque book or order one online. Cheque truncation system cts 2010 standards bankbazaar. All chequebooks issued by the bank after aug 2011 are cts 2010 compliant.
As per rbi guidelines, with effect from april 1, 2012, the validity period of cheques, demand drafts, pay orders and bankers cheques is reduced from 6 months to 3 months, from the date of issue of the instrument. Cheque books of these banks valid only till december 31. Is your cheque book cts2010 compliant standard chartered india. Everything you need to know about cts 2010 cheques banking. This means that there will be no physical movement of the cheque but rather an. Validity of noncts 2010 cheques extended by another 3 months. If you havent switched to cts cheques, you have 4 more months. All banks providing cheque facility to their customers have been advised to issue only cts2010 standard cheques.
Please note that when you receive or issue a cheque, if. 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. 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. All residual noncts2010 cheques with customers will continue to be valid and accepted in all clearing houses including the cheque. As per the revised guidelines of rbi the validity of noncts compliant cheques have been extended till 31st a july 20. Cts2010 standard cheque book issued to the customers will have cheque leaves with letters cts2010 printed vertically on the cheque leaf near the perforation on the left hand side. Watch the demo video to know why the new cts system speeds up. Banks logo and details on the left hand side corner. Rbi extends deadline for noncts cheques till july 31. No clearance of noncts compliant cheques from january.
Mar 20, 20 all residual noncts2010 cheques with customers will continue to be valid and accepted in all clearing houses including the cheque truncation system cts centres for another four months up. Cts 2010 standard cheque book issued to the customers will have cheque leaves with letters cts 2010 printed vertically on the cheque leaf near the perforation on the left hand side. Get your non cts cheque book replaced immediately, it said. Get your noncts cheque book replaced immediately, it said.
Simple guide for customers to identify if their cheques are cts. Cheque book issued prior to december 2010 is non cts compliant savings treasure accounts. The benchmark prescriptions are collectively known as cts 2010 standard. Also already circulated cheques will be replaced within 31st december 2012. That means, the physical transportation of checks will stop somewhere and instead, it gets converted to digital form and the transmission continues in digital form. The word is clearly visible in photocopies of a cheque. Every account holder must deposit their noncts cheques and cheque books in their respective branch and get new cheque leaves or books as per the new cts 2010 standard. The cts2010 eliminates the current practice of physically presenting a cheque to the payee bank, thereby substantially reducing the time for cheque clearance. Everything you need to know about cts 2010 cheques. Important message cts 2010 regulation applicable to. Noncts2010 complaint cheques valid up to jul20how does this impact you. Non cts compliant cheques cheques not compliant to the cheque truncation system cts 2010 standards will be cleared thrice a week only, until 30 april, 2014.
Rupee symbol where the amount in figures needs to be written. New cts cheque contains information of printer where they are printed along the words cts2010 mentioned along the area where we tear off the leaf from the cheque book. If the cheque book is not with cts2010 cheque leafs, they are referred to as noncts cheque books. All banks providing cheque facility to their customers have been advised to issue only cts 2010 standard cheques. Mar 19, 20 all residual non cts 2010 cheques with customers will continue to be valid and accepted in all clearing houses including the cheque truncation system cts centres for another four months up to. We have 262 2010 cadillac cts vehicles for sale that are reported accident free, 73 1owner cars, and 362 personal use cars. Dec 03, 20 identify whether your existing bank accounts cheque books are 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. The branch address and ifsc code should be on the top left side of the cheque 2. 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 clearing to one day. If the cheque book is not with cts 2010 cheque leafs, they are referred to as non cts cheque books.