STATE BANK AND CTS-2010 CHEQUES

As per the latest instructions from Reserve Bank of India, w.e.f 01.04.2013 only CTS-2010 Features enabled cheques can be used and paid by the Banks (these instructions are applicable to all the Banks operating in India)

In light of the above, it is advisable to verify following features in your existing Cheque Book.

i)                         All CTS-2010 enabled cheques carry standardized watermark called “CTS-INDIA” which can be seen when you held Cheque against light.

ii)                       Bank Logo will be printed in ultra-violet ink. The logo will be captured or visible in ultra violet enabled scanners.

iii)                      All cheques should be issued with the account number field pre-printed.

iv)                     “VOID” Pantograph i.e. if Cheque is copied or scanned then “VOID” word will appear on photocopy or scanned image.

v)                     At Cheque tear of portion, Printer’s name along with printing “CTS-2010”, establishing CTS-2010 compliance. ( Most Important)

vi)                     Rupee Symbol is pre-printed

If your existing Cheque book is not having any or one of the above features then that Cheque is non CTS-2010 enable Cheque and can not be used after 31.03.2013

State bank is planning to issue CTS-2010 enabled cheques to all its customers by which will be delivered to customers registered address, however State Bank customers can also get CTS-2010 enabled cheques by using Internet banking facility through which they can apply fresh Cheque book and also instruct for delivery at their desired address

If Customer is not able to issue Cheque book by Internet Banking Facility then they can approach to their home Branch and home branch will issue the same from their end

For other details / queries, drop a mail at prashant.singh@sbi.co.in