Are 2010 CTS cheques valid?

Are 2010 CTS cheques valid?

Cheques issued by any bank needs to be compliant with cheque truncation system (CTS) 2010 standards, according to RBI (Reserve Bank of India) guidelines. CTS-2010 is a benchmark for standardisation of cheques issued by banks across the country. Thus, non-CTS cheques would not be used after 31 March 2013.

What are CTS-2010 standards?

CTS-2010 Standards Specifications issued by RBI contains Mandatory features which are minimum required security features on cheque forms and optional/desirable features, inclusion of which depends on respective bank and their risk perception subject to the features being compatible with CTS requirements.

Is part of CTS Standard 2010?

CTS-2010 Standard paper should not glow under Ultra-Violet (UV) light i.e., it should be UV dull. This shall ensure that the feel of cheques is uniform across banks. 1.3 VOID pantograph (At Printing Stage): Pantograph with hidden / embedded “COPY” or “VOID” feature shall be included in the cheques.

What is the latest CTS Cheque standard applicable on cheques in India?

CTS-2010
All banks providing cheque facility to their customers have been advised to issue only ‘CTS-2010’ standard cheques. Cheques not complying with CTS-2010 standards will not be cleared through CTS clearing (updated as on June 30, 2020).

What is CTS compliant Cheque book?

cheque-book-cts. RBI guidelines on standardization of security features for cheque leaves, referred to as CTS-2010 are aimed at enhancing customer safety and facilitating easier processing of cheques. The word “CTS – 2010” printed on the left side of your cheques near the perforation.

Can I use 2 year old Cheque book?

After the merger, cheque books of the erstwhile associate banks and BMB were supposed to have been invalid after September 30. 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 books are still valid.

What is CTS compliant cheque book?

How does CTS Cheque look?

2) All cheques carry standardised watermark called “CTS-INDIA” which can be seen when you held cheque against light. Each cheque will have atleast one full mark. Sample of the same will look like this. 3) VOID pantograph-Pantograph with hidden or embedded “COPY” or “VOID” will appear in the cheque.

What are the features of cheques under CTS 2010?

The following are the features of CTS 2010 cheques:

• These types of cheques are very image friendly.
• In-built with more security features.
• The IFSC Code is generally printed on the top of the cheque leaf.
• Quality of paper will be maintained.
• The bank’s logo will ideally be in a type of invisible ink.

Do cheque books have an expiry date?

As long as you don’t write anything on the check, the checkbook is still good to use for years. If you find a check that has some writing on it, like a date, an amount, and a signature, this is going to have an expiration. Most banks will not honor a check like this if it is more than six months old.

Can I use 5 year old cheque book?

Can a CTS 2010 cheque be cleared by RBI?

RBI has advised that though non CTS-2010 standard cheques will continue to be accepted post July 31, 2013, they will be cleared at less frequent intervals and may incur additional charges. RBI has advised to preferably use dark coloured ink while writing CTS cheques.

Is your cheque book CTS-2010 standard compliant?

A: CTS-2010 standard cheques will have letters ‘CTS-2010‘ printed vertically on the cheque leaf (near the perforation on the left side) as shown in the image below. Q2: My cheque book is CTS-2010 standard compliant.

Why did Reserve Bank of India issue CTS-2010?

Reserve Bank of India has issued guidelines on standardisation and enhancement of security features for cheque leaves referred to as CTS-2010. These features are aimed at enhancing customer safety and facilitating easier processing of cheques.

Which is the benchmark for CTS in India?

The benchmark prescriptions are collectively known as “CTS-2010 standard”. Indian Banks Association (IBA) and National Payments Corporation of India (NPCI) are co-ordinating with the banks on implementation of the new standard.