You can see some of the features to identify if you have a cts 2010. How to identify my cheque book cts2010 standard compliant. Cts certified technology specialist exam guide, second. If you are someone who has not yet gotten in touch with your bank for the cts cheque book, its best you do so as soon as possible because, though the noncts2010 standard cheques will be accepted as of now, if you continue to use them beyond the extended period, the cheque will be.
Otherwise, cts 2010compliant cheques are designed uniformly in terms of size, paper. The reserve bank of india rbi, on friday, extended the deadline given to migrate to newlook cheques cts2010 standard cheques, with more security and standardised features, to march 31, 20. Following are the features of new cts 2010 compliant cheques. 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. These cheques have cts 2010 printed near the left margin. All residual noncts2010 cheques with customers will continue to be valid and accepted in all clearing houses including the cheque. Most banks have already stopped clearing non cts cheques since january 1, 2019. You can also check if your chequebook is cts 2010 compliant by checking if cts2010 is printed on the left side of. No non cts 2010 cheques will be encashed after this date. Cheque issuing banks shall make all efforts to withdraw the non cts 2010 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.
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. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts2010. Ravikumar chennai updated on november 17, 2017 published on december 09, 2012. No any cheque that is a non cts cheque will be returned by the bank as not a valid instrument under ni act.
The benchmark prescriptions are collectively known as cts2010 standard. 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. Cheque issuing banks shall make all efforts to withdraw the noncts2010 standard cheques in circulation. 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. In this system of clearing, the collecting bank need not present the physical cheque to the drawee branch. Rbi extended new cheques deadline upto 1st april 20. 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. But there is still a large volume of noncts2010 format cheques being presented in imagebaseda clearing. How does it work cheque truncation system is an online imagebased cheque clearing system which involves scanning of cheque images and subsequent electronic movement replication of these images within the. Dec 14, 2012 ithdrawal on non cheque truncation system cts cheque till march 31, 20.
Hence, the existing clearing arrangements will continue till december 31, 20. 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 cts2010 standards will be cleared at less frequent intervals i. Mar 18, 20 cheque issuing banks shall make all efforts to withdraw the non cts 2010 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. The cheque truncation system cts is basically an online imagebased clearing system ics. Cts 2010 standard cheque introduced for standardization of security features and easy processing. Can you please mail me a scanned copy of the latest cheque leaf that is compliant with cts 2010. Those who have given non cts 2010 cheques for paying their car or home loan emis must resubmit cts 2010 standards cheques before. 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. All banks providing cheque facility to their customers have been advised to issue only cts2010 standard cheques. Please sign abovea is written on the cheque at the bottom right side. Jun 25, 20 non cts 2010 complaint cheques valid up to jul20how does this impact you. Nov 27, 2012 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.
The rbi has advised all banks in the northern and southern regions that offer. 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. Three things to know if you still use cheques livemint. Aug 31, 2015 a sample video that demonstrate live cts cheque scanning in branch. Get ready to order new india cheque books times of india.
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. Cheque books of these banks valid only till december 31, 2017. 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. What does cts 2010 noncompliant cheque mean in icici. Cheque book issued till 04 november 2012 is non cts compliant is my cheque cts compliant. A sample video that demonstrate live cts cheque scanning in branch. Rbi guidelines on standardization of security features for cheque leaves, referred to as cts2010 are aimed at enhancing customer safety and facilitating easier. As per rbi guidelines, after march 31, 20, non cts 2010 standard compliant cheques will still be accepted for clearing but will be cleared at less frequent intervals. The deadline for implementing the cheque truncation system2010 cts2010 has been extended by another three months by the reserve bank of india rbi.
If these features are not present in your cheque book, than your cheque book is not a valid cts 2010 standard compliant. 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. After the deadline, old cheques will only be used for withdrawing cash at particular bank branch. Rbi extends cheque upgradation deadline till march next year 14 dec, 2012, 01. 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. If you are looking to write a cheque or planning to encash from april 1, 20, make sure your cheque complies with the reserve banks cheque truncation system cts 2010 standards. The reserve bank of india rbi has introduced a new format for cheques, the cts2010 standard as part of its measures for standardization and enhancement of security features. 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. 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. Does your software supports cts2010 cheque formats. Apr 29, 2014 non cts cheques may face further clearance delay from may 1.
If these features are not present in your cheque book, than your cheque book is not a valid cts2010 standard compliant. 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. Now use your old cheque book till 31st march 20 praveen unnikrishnan december 17, 2012 add comment reconsidering the date for the implementation of cts 2010, reserve bank of india rbi has extended the deadline to april 01st, 20. The reserve bank of india rbi has introduced a new format for cheques, the cts2010 standard as part. Nov 07, 2012 cts 2010 standard cheque book your non cts cheques will be valid upto 31 jul 20 against earlier deadline of 31 mar 20. Bank customers do not need to discard their noncts 2010 standard cheque books in a hurry. Rbi has extended the mandatory implementation of cts2010 based cheque system by 3 months and old cheques will be valid till 31 mar 20. Jan 12, 20 8 boxes to write the date in ddmmyyy format. You must obtain a cts2010 compliant cheque book on or before 31st march 20. 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. Just check, whether your existing cheque book is ctscompliant or you need to get a new ctscomplaint cheque book issued before 31st december 2012. Also already circulated cheques will be replaced within 31st december 2012. Cheque book issued prior to december 2010 is non cts compliant savings treasure accounts.
Those who have given noncts2010 cheques for paying their car or home loan emis must resubmit cts2010 standards cheques before. New format cheques from jan 1 the hindu businessline. As per the revised rbi guidelines, the deadline of use of non cts compliant cheques have been further extended till 31st december 20. Cheque return policy the main objective of cheque return policy is to identify the situations under which an instrument presented by the presenting bank, in either cts or micr clearing, is returned. 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. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. Cts2010 cheques have certain common security features and standardised field placements for enabling image based processing of. 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. Therefore, we recommend you to place a request for a new cheque book. The reserve bank of india rbi has extended the deadline for implementing the cheque truncation system2010 cts 2010 by another three months. Deadline for new cheque standard cts2010 extended to march. Brad grimes is a senior writereditor for infocomm international, an adjunct faculty member of infocomm university, and the former editor of pro av magazine. 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.
Banks to ensure all cheques are compliant with cts2010 standards by. You may be using a physical cheque book, but at the backend, banks have. Noncts cheques may face further clearance delay from may 1. The rbi extended the deadline given to shift to new cheques cts2010 standard cheques, with advanced security and standardized features, to march 31, 20. Cheque frauds can be greatly reduced with introduction of minimum security features prescribed under cts standards 2010, such as embedded verifiable. Cheque book issued till 04 november 2012 is noncts compliant is my cheque cts compliant. Rbi has extended the mandatory implementation of cts 2010 based cheque system by 3 months and old cheques will be valid till 31 mar 20. Deadline for new cheque standard cts2010 extended to. For the past 6 months, rbi has been announcing several times saying non cts 2010 compliant cheques would be valid up to specific period. Noncts2010 complaint cheques valid up to jul20how does. To change the cheque dimensions, you can click and drag the borders of the cheque.
The benchmark prescriptions are collectively known as cts 2010 standard. Branch address with ifsc code printed top of the cheque. Dec 19, 2012 the rbi extended the deadline given to shift to new cheques cts 2010 standard cheques, with advanced security and standardized features, to march 31, 20. Get ready to order new india cheque books times of. Cheques not complying with cts 2010 standards will be cleared at less frequent intervals i. Features of new cts 2010 compliant cheque chequeman blog. Dec 31, 2012 come april 20 and your old cheque books from your bank account in india will become void. The reserve bank of india rbi has introduced a new format for cheques, the cts 2010 standard as part of its measures for standardization and enhancement of security features. He has been writing about technology for more than 20 years, including positions covering it for ziff davis, international data group, and post newsweek tech media now 1105 government information group. If the cheque book is not with cts 2010 cheque leafs, they are referred to as non cts cheque books. The apex bank had earlier set december 31, 2012, as the deadline for the implementation of the new cheque standards across all banks and nbfcs. 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.
So you should immediately indent a new cts 2010 standard. You can see some of the features to identify if you have a cts2010. Noncts cheques may face further clearance delay from may. 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. Cheque truncation system cts explained bankexamstoday. Noncts2010 complaint cheques valid up to jul20how does this impact you. The reserve bank of india rbi has introduced a new format for cheques, the cts 2010 standard as part. Rbi extends deadline for new cheque standard the hindu. No noncts2010 cheques will be encashed after this date. All cheques issued by banks including dds pos issued by banks with effect from the date of this circular shall necessarily conform to cts2010 standard. Sep 03, 2012 it is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. The presenting bank captures the cheque images and magnetic ink charecter recognition micr data from end to end precise scanners by using the capture.
The deadline for switching to new format bank cheques under the cheque. 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. If you are someone who has not yet gotten in touch with your bank for the cts cheque book, its best you do so as soon as possible because, though the noncts2010 standard cheques will be accepted as of now, if you continue to use them beyond the extended period, the cheque will be cleared at less frequent intervals. So you should immediately indent a new cts2010 standard. The rbi has extended the deadline of march 31 till july 31 for issuance of new cts cheque books books and withdrawal of all old format cheques, says a circular sent to bank heads. Rbi extends deadline for withdrawing noncts 2010 cheques. Get ready to order new india cheque books welcomenri. Cheque issuing banks shall make all efforts to withdraw the noncts2010 standard cheques in circulation before the extended timeline of 31 july. Banks shall not charge their savings bank account customers for issuance of cts2010 standard cheques when they are issuedread more. For the past 6 months, rbi has been announcing several times saying noncts2010 compliant cheques would be valid up to specific period. So it is necessary for all to understand how your new cheque format looks like. Go to your bank branch and request for a new cheque book or order one online. 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. All banks providing cheque facility to their customers have been advised to issue only cts 2010 standard cheques.
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. How cts2010 cheque is different cts2010 mark up on the vertical side line as shown in above image. Come april 20 and your old cheque books from your bank account in india will become void. The right hand corner of the cheque leaf has boxes provided for the date which is in the ddmmyyyy format. The rbi has advised all banks in the northern and southern regions that offer their clients the cheque facility to issue only cts2010.
If the cheque book is not with cts2010 cheque leafs, they are referred to as noncts cheque books. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. Ensure you use a cts 2010compliant cheque, and know the types of. Features of cts2010 standard chequects cheque truncation. There is a new symbol of rupees inserted near the numerical amount column.
How to identify my cheque book cts2010 standard compliant or. The deadline for the withdrawal of noncts2010 standard cheques is july 31, 20 and banks have begun to issue fresh cheques in the cts2010 complaint format. Noncts cheques valid till 31 july rbi india infoline. Dec 16, 2012 you must obtain a cts 2010 compliant cheque book on or before 31st march 20.
Cheque books of these banks valid only till december 31. Post this deadline, all magstripe based cards will be blocked. Rbi extends deadline for noncts cheques till july 31. Banks have now been asked to ensure all cheques are compliant with cts 2010 standards by april 1, 20. 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.
Will my old cheques that are not cts2010 still work. Rbi extended deadline for cts 2010 standard cheques. Cheque book issued prior to december 2010 is noncts compliant savings treasure accounts. The branch address and ifsc code should be on the top left side of the cheque 2. Cheque truncation system cts cheque printing software. The word is clearly visible in photocopies of a cheque. An instrument may not be honoured owing to a single reason or due to multiple reasons. Features of cts2010 standard chequects cheque truncation system 6222014 01. Nov 19, 2014 all banks providing cheque facility to their customers have been advised to issue only cts 2010 standard cheques.