The right hand corner of the cheque leaf has boxes provided for the date which is in the ddmmyyyy format. It supports 30 free cheque prints, after which you can purchase unlimited cheque printing for just inr say byebye to handwritten cheques print cheques in four simple steps. Come april 20 and your old cheque books from your bank account in india will become void. Rbi had issued a notification relating to the implementation of cts 2010. 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. Below is a sample of cheque which fulfil cts criterias. Video cheque formats cheque printing software clients. Features of cts2010 standard chequects cheque truncation. Reserve bank of india has prescribed certain benchmarks towards achieving standaridization of cheques viz. Banks have now been asked to ensure all cheques are compliant with cts 2010 standards by april 1, 20. The word is clearly visible in photocopies of a cheque. Rbi launches new guidelines for bank cheques youtube. The deadline for new cheques under the cheque truncation system cts2010 has been extended till 31 march 20 by the rbi.
This system is followed for clearing cheques in an errorfree, fast and hasslefree manner. Best selling records in us, canada, france, india, germany, italy, japan, uk, aus and many. Will the banks automatically send new cheque books or one has to ask for it. After opening an account in a bank, with cheque book facility, the bank you will provide you with a cheque book.
Your browser does not currently recognize any of the video formats available. The deadline for new cheques under the cheque truncation system cts 2010 has been extended till 31 march 20 by the rbi. The cheque numbers are defined once you enter the cheque book details. Therefore, we recommend you to replace your non cts 2010 cheque book with a new cheque book at the earliest. However, based on type of accounts saving, current account the number of cheques in a chequebook differ. The reserve bank of india rbi has introduced a new format for. You need to apply in your bank for the same and it is available free of cost. The reserve bank of india rbi has introduced a new format for cheques, the cts 2010 standard as part. Dec 23, 2012 it is now mandatory for banks to strictly issue standardized and enhanced new format of cheques called cts 2010. There is a new symbol of rupees inserted near the numerical amount column. The lender is preparing to send the new series of cts compliant cheque books by december 15, 2012.
Standard edition indian banks cts 2010 functional cheque. Cheque truncation system cts 2010 standards bankbazaar. While preparation cheques, you need to select the cheque book. Bank customers rbi new guidelines 2019 non cts cheques stop. 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.
Also all the current circulated cheques will be replaced within 31st march, 20. The move to replace cheques with instruments that meet the new cheque cts. Rbi extends deadline for noncts cheques till july 31 mumbai, mar 19. Cheque truncation system new benchmark for cheques in banks. International helpline 91446685 4555 or your relationship manager to request for a new cheque book. One can find this symbol where we write amount in figures. Check your current cheque book is it valid new cts. As per rbi guidelines, noncts2010 standard compliant cheques will be accepted for clearing up to july 31, 20.
Request you to make a note that non cts compliant cheques would not be accepted by banks for clearing post 31 july 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. Automate check clearing top image systems top image systems. It is illegal to issue a blank or post dated cheque. Rbi extends deadline for noncts cheques till july 31 india. Dec 31, 2012 come april 20 and your old cheque books from your bank account in india will become void. Standardisation and enhancement of security features in cheque forms, the introduction and implementation of additional security features on cheque forms will commence from 1. Nov 07, 20 cheque print is easy to use, which allow to print cheque with any printer with unlimited print logs. 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. The new cheques have additional security features, making it difficult to counterfeit.
Watch the demo video to know why the new cts system speeds up cheque clearing times for you, and how to identify a cts. The grid that follows contains all the available cheque numbers sequentially for that cheque book. Whether or not your country is cts compliant, eflow cps allows you to seamlessly transition from paper to a secure, imagebased. 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. Following are the features of new cts 2010 compliant cheques. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. A pantograph which shows voidcopy while taking photocopy of the cheque below the account number. Mar 20, 20 non cts cheques valid till 31 july rbi the rbi has also said the system of post dated cheques and payment via emi, in either the old or new format, will be banned from now wherever electronic. Beginning january 1, 20, you will no longer be able to use bank cheques that do not conform to the cheque truncation system cts 2010 standards. Thus, it is considered as the major landmark in the indian banking industry.
Does your software supports cts2010 cheque formats. If these features are not present in your cheque book, than your cheque book is not a valid cts2010 standard compliant. This means that there will be no physical movement of the cheque but rather an. We would like to inform you that we have been issuing cts 2010 compliant cheque books since april 2011. Does your software supports cts 2010 cheque formats. Hence, the existing clearing arrangements will continue till december 31, 20.
According to new guidelines provided by rbi reserve bank of india all indian banks should follow cts2010 cheque formats, and virtual splat has already taken care about this rule. So it is necessary for all to understand how your new. 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. So you should immediately indent a new cts2010 standard. Cheque truncation system cts cheque printing software. 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. Cheque printing software follows cts 2010 cheque format. Cts2010 wala cheque ab chl ra h ya koi new aa gya h. She has also published 1 book and presentedpublished many papers organized.
You can now print your cheque in cts 2010 without any worries. 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. You can now print your cheque in cts2010 without any worries. Banks would do better if they display new cheque format in their branch. Rbi is mandating the use of new format cheque leaves known as cts 2010 standard cheques from 01jan20. Therefore, we recommend you to replace your noncts2010 cheque book with a new cheque book at the earliest.
However some of the features of cts cheques are cheque printer details. Features of new cts 2010 compliant cheque chequeman blog. 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. Since new cheques contain sufficient security features which makes it hard to be copied, making. Standardization and enhancement of security features in cheque forms cts 2010 standard reg. Just check, whether your existing cheque book is ctscompliant or you need to get a new ctscomplaint cheque book issued before 31st december 2012. It is now mandatory for banks to strictly issue standardized and enhanced new format of cheques called cts2010. 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. Study of genuine and forged indian bank cheques by using video. Printers name with cts 2010 in left side of cheque. Branch address with ifsc code printed top of the cheque. If the above letters are present, your cheque book is cts2010 compliant 5. Cheque print is easy to use, which allow to print cheque with any printer with unlimited print logs. Rbi has introduced a new format for cheques, the cts2010 standard as part of.
Please sign abovea is written on the cheque at the bottom right side. 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. Cts cheque latest breaking news, pictures, videos, and special reports from the economic times. Yes, as per the new guidelines provided by rbi reserve bank of india all indian banks should follow cts2010 cheque formats, and virtual splat has already taken care about this rule. All those who have yet to apply for the new cts2010 cheque format need to do so before marchend as all banks would necessarily adapt to the new te. The number 2010 in cts2010 is because the guidelines for cheque. The rbi has extended the deadline of march 31 till july 31 for issuance of new cts cheque books books and withdrawal of all.
Rbi has also advised that although any residual noncts 2010 standard cheques will continue to be. All those who have yet to apply for the new cts 2010 cheque format need to do so before marchend as all banks would necessarily adapt to the new te. No fresh post dated cheques pdcequated monthly installment emi cheques either in old format or new cts2010 format shall be. Get ready to order new india cheque books times of india.
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. 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. Cheque printing software supports all printers supports. Sbi to send new cheque books by dec 15, update your address. First and foremost, many thanks goes to axis bank, india for providing helpful information.
Photo copy of a valid cts compliant cheque will serve the purpose better for information to general public. According to 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. With new cheque truncation system system, the whole banking industry is set to change. After migration of the entire cheque volume from micr system to cts, the traditional micrbased cheque. As per rbi guidelines, non cts 2010 standard compliant cheques will be accepted for clearing up to july 31, 20. Everything you need to know about cts 2010 cheques banking. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. Sep 03, 2012 it is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. A chequebook is a collection of cheque leaves and is issued to the customer having an account in the bank. The reserve bank of india rbi has extended the deadline for implementing the cheque truncation system2010 cts 2010 by another three months. 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. Old cheques may not be dishonoured immediately but it is better to get the new format cheques. Watch the demo video to know why the new cts system speeds up. How to identify my cheque book cts2010 standard compliant or.
Customers should get their old cheque books replaced with new ones conforming to cts2010 standard for cheque forms. Please sign above is mentioned on bottom right of the. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts2010. Nov 29, 2012 it might happen that your cheques start bouncing and do not get accepted from jan 1, 20. Sbi is arranging to send these new series of cheque books to its customers at their last recorded address. So it is necessary for all to understand how your new cheque format looks like. But there is still a large volume of noncts2010 format cheques being presented in imagebaseda clearing. Sep 03, 20 everything you need to know about cts 2010 cheques banking basics. So you should immediately indent a new cts 2010 standard. 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. Rrbs lax in adapting to new ctc cheque format lucknow news. Cts has been implemented in new delhi, chennai and mumbai with effect from february 1, 2008, september 24, 2011 and april 27, 20 respectively. Rbi extends cheque upgradation deadline till march next year 14 dec, 2012, 01.
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. 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. It might happen that your cheques start bouncing and do not get accepted from jan 1, 20. Also already circulated cheques will be replaced within 31st december 2012. After migration of the entire cheque volume from micr system to cts, the traditional micrbased cheque processing has been discontinued across the country. In case your cheque is not cts2010 compliant, you can request for a new cheque book by logging in to citibank online. Cheque truncation system, abbreviated as cts, is nothing but an electronic verification procedure using imagebased processing. Customer can go to their bank and ask for new cheque books.
Rbi has now extended the deadline to 31st march 20 to withdraw noncts 2010 standard cheques in circulation. Everything you need to know about cts 2010 cheques banking basics. It looks all the current cheque books will have to be replaced. Request you to make a note that noncts compliant cheques would not be accepted by banks for clearing post 31 july 20. Cts 2010 standard and requested for making arrangements to ensure that the paos procure only the cts 2010. If these features are not present in your cheque book, than your cheque book is not a valid cts 2010 standard compliant. You can also request for a new cheque book through dbs atm or internet banking. There is a new standard in banking called as cheque truncation system or cts 2010, which all the banks have to follow now. All this is because we are moving from an old format to a new format of cheque clearance in india. Standardization and enhancement of security features in cheque formscts2010 standard reg. You can now print your cheque in cts 2010 with out any worries. Noncts cheques valid till 31 july rbi the rbi has also said the system of post dated cheques and payment via emi, in either the old or new format. We would like to inform you that we have been issuing cts2010 compliant cheque books since april 2011.
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