In case if your cheque book does not reflect the aforementioned details you must obtain a new cts complied cheque book at the earliest, and surrender the noncompliant one to the bank. As per rbi guidelines, non cts 2010 standard cheques will be withdrawn from circulation by 31december20. Noncts cheques used by customers of all banks including state bank of india sbi, hdfc bank, icici bank, bank of baroda, punjab national. As per an old rbi rule, noncts cheques will be invalid after january 1st, 2019. Cheque books of these banks valid only till december 31. You need to apply in your bank for the same and it.
Cheque truncation system cts, an online imagebased clearing system for faster clearing of cheques in india. How to apply for cheque book request new cheque book at hdfc bank apply for a cheque book you can apply for your hdfc bank cheque book through netbanking, phonebanking or by filing an application at your branch. Check your current cheque book is it valid new cts. Only cheque books issued after aug 2011 are cts 2010 compliant. In an official notice on its website, hdfc bank says separate sessions for clearing of non cts cheque will be discontinued from december 31. How to apply for hdfc new cheque book request for hdfc cts.
Cheques issued by any bank needs to be compliant with cheque truncation system cts 2010 standards, according to rbi reserve bank of india guidelines. 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. If you are still in use of nonctc cheque books, then it is in your own. Separate clearing sessions are conducted in all three cts centers mumbai, chennai and new. 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. Sbi customers can deposit their non cts cheque in their respective branch and get free new cts 2010 standard chequebook. Dear customer, please deposit cts compliant chequesi. If you received your cheque book before august 2011, you are requested to order a new one. If you have availed a home or auto loan and issued postdated. And if you hold any postdated cheques beyond 31st march you will have to arrange to get it replaced with a new cheque truncation system cheque.
Add one more item get a new cheque book to your list of things to do before the new year. You may not be able to use your old cheques from next year with the implementation of the new cheque truncation system cts 2010, which will eliminate physical movement of cheques for clearing. Check your cheque status, only those in new format will be. Please note, from 1st jan 2015, non cts standard cheques shall be cleared only once a week i. No longer will you be able to use non cts cheques and sbi customers will not be able to do so from december 12, while other bank customers will not be able to use non cts cheques from january 1. Many banks have still not asked their customers to surrender the noncts 2010 cheque books to reflect the change, a.
If your cheque book is issued prior to august 2011, you are requested to indent. Everything you need to know about cts 2010 cheques banking. All chequebooks issued by the bank after aug 2011 are cts 2010 compliant. The deadline for new cheques under the cheque truncation system cts2010 has been extended till 31 march 20 by the rbi. A reproduction of the sample cheque available on rbis website. How to apply for hdfc new cheque book request for hdfc. Once you have placed your request, you will get your cheque book delivered to your doorstep. You can check if you hold a cts compliant cheque book by verifying if the cheque leaves have the features mentioned above. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. No longer will you be able to use noncts cheques and sbi customers will not be able to do so from december 12, while other bank customers will not be able to use noncts cheques from january 1. When you are about to run out of cheque leaves, place your request for a fresh chequebook through netbanking, phonebanking or. Watch the demo video to know why the new cts system speeds up. Request new cheque book by december 31, 2017 account holders of the erstwhile associate banks can now apply for new cheque books till december 31. How to apply for hdfc cts cheque book online from mobile.
Noncts cheques may face further clearance delay from may 1. State bank of india, bank of baroda and private sector banks like hdfc bank. Overseas forex trading through internet trading portals. Bank customers rbi new guidelines 2019 non cts cheques stop. Noncts compliant cheques shall not be processed for clearing with effect from january 1, 2019, pnb said in a notification. Cheque books issued after aug 2011 are cts 2010 compliant. You may not be able to use your old cheques from next year with the implementation of the new cheque truncation system cts2010, which.
Everything you need to know about cts 2010 cheques. Everything you need to know about cts 2010 cheques banking basics. 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 move to replace cheques with instruments that meet the new cheque cts. Your personalised chequebook contains 10 cheque leaves. Get your noncts cheque book replaced immediately, it said. December 31st is the last day of using noncts cheques for account holders of all banks including sbi state. Noncts cheques may face further clearance delay from may. 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. If you have availed a home loan and or auto loan and issued postdated cheques instead of opting for direct debit, then you will be required to replace such. Noncts cheques to become invalid from january 1 goodreturns.713 1147 1672 1255 491 507 942 1157 1580 1362 1520 261 595 1481 1411 475 966 953 53 24 1327 591 1347 882 566 1687 1389 1204 892 1283 594 1579 1009 612 606 52 609 70 420 622 1117 1238 455 937 41 138 279 63