Cts 2010 cheque book pnb banking

The bank has asked its customers to get their non cts compliant cheques replaced. Sbi customers can deposit their noncts cheque in their respective branch and get free new cts2010 standard chequebook. Get your noncts cheque book replaced immediately, it said. Sbi, hdfc, pnb, icici, bob, other bank customers these to become invalid noncts 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. Punjab national bank pnb has asked its customers to get their non cts compliant cheques replaced as these instruments will not be accepted for clearance in the banking system from january. You need to apply in your bank for the same and it is available free of cost. Cheque truncation system cts is a cheque clearing system undertaken by the reserve bank of india rbi for faster clearing of cheques. According to banking experts, cts2010 cheques have certain common security features and standardised field. The bank has asked its customers to get their noncts compliant cheques replaced.

As per rbi, banks are advised to issue only cts2010 standard cheques to their customers. Everything you need to know about cts 2010 cheques. Everything you need to know about cts 2010 cheques banking basics hdfc bank. Cheque truncation system cts, an online imagebased clearing system for faster clearing of cheques in india. All cts compliant cheques and other negotiable instruments. Similarly, punjab national bank in one of its advisories says. You can also update the cheque details and have track of cheques to be printed, of a selected or all banks. As per rbi, banks are advised to issue only cts 2010 standard cheques to their customers. Non cts compliant cheques shall not be processed for clearing with effect from january 1, 2019, pnb said in a notification. Banking facilities to senior citizen of more than 70 years of age and differently abled persons are as under. Sbi state bank of india, hdfc, punjab national bank, icici, bank of. Noncredit related service charges all service charges are exclusive of gst wherever applicable. Cheque books not containing cts2010 cheque leafs are called noncts cheque books.

Cheque truncation system cts 2010 latest about banking. Credit agricole corporate and investment bank issues cts 2010 standard multicity cheque books to all its customers, with preprinted names and account numbers of customers. Get your non cts cheque book replaced immediately, it said. 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. Simple guide for customers to identify if their cheques. In cheque truncation, the movement of the physical instrument is stopped and replaced by electronic images and associated micr line of the cheque. With the multi city cheques, our customer can make payment to. These cheques are payable at par at all branches of the bank in india. If you are still in use of nonctc cheque books, then it is in your own interest to get those replaced with cts2010 standard cheque books latest by december 31. Cts is based on a cheque truncation or online imagebased cheque clearing system where cheque images and magnetic ink character recognition micr data are captured at the collecting bank branch and transmitted. Noncts compliant cheques shall not be processed for clearing with effect from january 1, 2019, pnb said in a notification. No clearance of noncts compliant cheques from january. Punjab national bank pnb has asked its customers to get their noncts compliant cheques replaced as these instruments will not be accepted for clearance in the banking system from january. Bank customers rbi new guidelines 2019 non cts cheques stop.