Re: [aaykarbhavan] IMP: CTS 2010 Compliant Cheque Books: RBI

If news FPJ, Business Standard, Business Line  , sent by me were read out some 10 days back, this would have drawn attention.
Regards,
C A Shah D J
USA

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From: Ramachandran Mahadevan <ramachandran_ca@yahoo.co.in>
To: "aaykarbhavan@yahoogroups.com" <aaykarbhavan@yahoogroups.com>
Sent: Saturday, 1 December 2012 5:12 AM
Subject: Re: [aaykarbhavan] IMP: CTS 2010 Compliant Cheque Books: RBI

 

Dear Members,

SBI will send the new chequebook suo motto to the address in their records.

 Many thanks to Shri Anand Wadadekar to communicate on this

affecting every one.

Best Wishes to him

Ramachandran M

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From: Anand Wadadekar <anandwadadekar@gmail.com>
To:
Sent: Thursday, 29 November 2012 2:23 PM
Subject: [aaykarbhavan] IMP: CTS 2010 Compliant Cheque Books: RBI

 

Reserve Bank of India Guideline - Standardisation and Enhancement of Security Features in Cheque Forms –Migrating to CTS 2010 standards

As per the directives issued by Reserve Bank of India (RBI), for Standardisation and Enhancement of Security Features in Cheque Forms –Migrating to CTS 2010 standards, all Banks are required to issue only CTS-2010 Standard Cheques to their customers.

The CTS-2010 standard Cheque book issued to the customers will have cheque leaves printed with words 'CTS 2010' on the left side of each of the cheque leaf.

RBI vide its circular dated September 3, 2012 has now advised Banks to withdraw non-CTS 2010 standards cheques in circulation before December 31,2012.

Customers are required to surrender existing non CTS- 2010 cheque book at their branches on or before December 31,2012 and place a request of issuance of new cheque book with CTS-2010 standards.

Customers should also ensure to replace the post-dated non-CTS 2010 standard cheques issued by them, which are due after December 31, 2012 with CTS 2010 standard cheques.

 

Best Regards,

- Anand Wadadekar
Economist | Author

Pune, Maharashtra

http://in.linkedin.com/in/anandwadadekar

http://anandwadadekar.blogspot.com/

http://anandonomy.blogspot.in/

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