Standardization and Enhancement of Security Features in Cheque Forms/Migrating to CTS 2010 standards


Reserve Bank of India, today has informed that

01) during the transition period (i.e. up to December 31, 2013), the existing clearing arrangements will continue i.e Non-CTS 2010 and CTS 2010 cheques will be continued to be accepted in CTS Grid.

02)All cheque issuing banks are advised to make efforts to withdraw the non-CTS-2010 Standard Cheques in circulation.

03)Banks can continue to present such non-CTS-2010 instruments in Express Cheque Clearing System (ECCS) centres and MICR CPCs till such time the CPCs are in operation.




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