|CTS 2010 Standard Cheque Books|
Dear Bank Customer,
As per RBI guidelines, only CTS 2010 Standard Cheque Books are to be used after 31 December 2012. The cut off date for accepting non CTS cheques has been extended till 31st July 2013. Please surrender your unused Non CTS cheques at your branch and obtain new CTS- 2010 Standard Cheque Book. For details contact your branch. Ignore, if your cheque book is already CTS 2010 Standard.
Accordingly, all Banks are now issuing only CTS 2010 Standard Cheque Books to esteemed customers. In case you are having any non-CTS 2010 unused cheques with you, kindly surrender them at your branch and collect CTS 2010 Standard Cheque Books. These CTS 2012 Standard Cheque Books are readily available in all bank branches.
In view of the above and to ensure the time-bound migration to CTS-2010 standard cheque formats, all banks are advised to adhere to the procedures indicated below:
Arrange to issue only multi-city/payable at par CTS-2010 standard cheques not later than September 30, 2012. A confirmation stating that necessary arrangements have been put in place for issue of CTS-2010 standard cheques across the country may be submitted to this department by September 14, 2012.
Arrange to withdraw the non-CTS-2010 Standard cheques in circulation before December 31, 2012 by creating awareness among customers through SMS alerts, letters, display boards in branches/ATMs, log-on message in internet banking, notification on the web-site etc. Progress in this regard may be submitted to this department by November 30, 2012.
Banks holding post-dated EMI cheques (received either on their own behalf or on behalf of their NBFC clients) may arrange to ensure the replacement of non-CTS-2010 Standard cheques with CTS-2010 standard cheques before December 31, 2012.
“CTS-2010 Standard” for Cheque Forms – Specifications
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Only CTS 2010 Standard Cheque Books are to be used after 31.07.2013
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