Home photo gallery chandigarh non cts cheque book will not accept, sbi cheque book rule changed. Instead, an electronic image is generated for transmission of the. State bank of india now lets you request new cheque book online without visiting branch. Also already circulated cheques will be replaced within 31st december 2012. Cheque truncation system cts or imagebased clearing system ics, in india, is a project. An electronic image of the instrument is presented for clearing. 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.
Now after the rbi instructions, the banks are advising their customers to replace the old cheque book with a new cheque book. Yes, sbi customers can now apply for sbi cheque book online by following 3 methods mentioned below. Non cts cheque book will not accept, sbi cheque book rule. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. Full text of the judicature act of ontario being r.
The new atmosphere i not merely important in iha front presented by the allies in europe. If you are having non cts cheque book,then take a new one. Sbi, hdfc, pnb, icici, bob, other bank customers these to become invalid non cts cheques used by customers of all banks including state bank of india sbi, hdfc bank, icici bank, bank of baroda, punjab national bank and others will become invalid from january 1. Bank customers rbi new guidelines 2019 non cts cheques stop. Noncts cheques used by customers of all banks including state bank of india.
If you still do the transaction by cheque, then read this news. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. With this, the bank will not accept all the noncts cheques that you issue from your existing cheque book and those will be out of circulation. Reconciliation difference eliminated micr and image data travel together.
Sbi to send new cheque books by dec 15, update your address after announcing the implementation of cheque truncation system cts, the state bank of india sbi has asked its customers to update. Indias largest lender the state bank of india sbi will implement the cheque truncation system cts 2010, the new standard of cheques as mandated by the reserve bank of india. Sbi to accept cheques conforming to new standards from jan 1 to meet the objective, sbi has asked all its branches to issue only with uniform features conforming to cts 2010 standard cheques to their customers. Sbi is arranging to send these new series of cheque books to its. December 31st is the last day of using noncts cheques for account holders of all banks including sbi. If you are still in use of nonctc cheque books, then it is in your own. If you are still in possession of nonctc cheque books, then it is in your own interest to get those replaced with cts 2010 standard cheque books latest by december 31. I fail to understand sbis motive to earn from such mode, from the. 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 books latest by december. Old non cts cheque are going on in all the major banks of the country like punjab national bank. Check your current cheque book is it valid new cts. A majority of banks, including sbi and pnb, have already informed. So it is necessary for all to understand how your new cheque format looks like. Sbi to accept cheques conforming to new standards from jan.