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Your cheque book may be no use after 31 March 2013

Reserve bank of India standardize and increase the security features of the cheque book. This is called CTS 2010 stranded  This include quality of paper, ink, bank logo and pantograph etc. If you have the cheque book issued before September 2011, the cheque will not be valid after 31- March 2013 because banks start publishing CTS 2010 standard cheque book after August 2011.

Earlier this changes were to implement from 31 December 2012 but RBI has incrased the time frame to 31 March 2013. So beware to change your cheque book immediately.

So in order to save from any headache, any cheque which you have given from the cheque book issued before September 2012, should not go for clearing after 31 March as it will not pass. 

This is the sample of cheque which have the security features CTS 2010.
One could see the security features in the cheque book.
There are the notification of different bank regarding non validity of cheque book issued before September 2012.

Reserve bank of India also issued the notification regarding CTS 2010 standered on 6-11-2012. Full notification is as under.

Standardisation and Enhancement of Security Features in Cheque Forms - Migrating to CTS 2010 Standards
"CTS-2010 standard“ is a set of benchmarks towards achieving standardisation of cheques issued by banks across the country. These include provision of mandatory minimum security features on cheque forms like quality of paper, watermark, bank's logo in invisible ink, void pantograph, etc., and standardisation of field placements on cheques. The benchmark prescriptions known as "CTS-2010 standard“ are to be implemented by December 31, 2012.

2. NBFCs accept post dated cheques from their customers for future EMI payments, and some of such instruments may not be compliant with the CTS-2010 standard. NBFCs are, therefore, required to ensure the replacement of Non–CTS-2010 standard compliant cheques with CTS-2010 standard compliant cheques before December 31, 2012.

3. The above instructions are issued in terms of Section 45 JA and 45K of the Reserve Bank of India Act, 1934 (Act 2 of 1934).

4. Please acknowledge receipt and confirm to the Regional Office of the Bank that a plan has been put in place for implementing the "CTS-2010 standard" within the prescribed timeline.
Yours sincerely,
(Uma Subramaniam)
Chief General Manager-in-Charge

Tags-bank cheque book,what is cts 2010,cheque cts 2010,cts 2010 cheque

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