Posts Tagged ‘cheque’

CTS 2010 – Deadline Extended

CTS 2010 – Deadline Extended

As you would be aware, the Reserve Bank of India (RBI) had planned to implement the new Cheque Truncation System (CTS) starting 1st January, 2013.  You might have read previous article on same explaining everything about CTS -2010. This would have rendered your old cheque leaves unusable – you were required to surrender the old cheques and replace your old cheque books with new ones by then. However, the implementation of CTS has been extended. Deadline Extended Till The RBI […]


It’s all about CTS 2010- New Cheque Truncation system

It’s all about CTS 2010- New Cheque Truncation system

Many times we come across cheating incidents caused by changing cheque amount or by doing cheque tampering.  In order to prevent this type of frauds & to shorten clearing cycle RBI has taken good initiative of CTS it is now mandatory for banks to issue standardized form of cheuqes as per CTS-2010 standard guideline. This new cheque clearing system will be applicable from 1st January,2013. With this, the bank will not accept all non-CTS cheques (that you issue from your […]