How to Identify CTS Cheque?

As per RBI (Reserve Bank of India) regulations, all bank cheques must adhere to the CTS 2010 norms (cheque truncation system). A baseline for the standardisation of checks issued by banks nationwide is CTS-2010. By April 1, 2013, banks were asked that they must guarantee that all checks adhere to CTS-2010 requirements. And since January 2019, the banks have stopped clearing Non-CTS cheques. But do you know how to identify CTS cheque? I will tell you about it.

How to identify CTS cheque SBI?

Cheques made using the CTS-2010 standard can be processed electronically. A CTS-2010 cheque won't be required to undergo the physical clearance procedure. When a customer deposits a cheque that complies with CTS-2010, the bank can immediately send the picture of the cheque to the drawee bank, to which it was issued; once that bank examines and accepts the cheque, it will be cleared. Banks will benefit from time and transaction cost savings from this change.

CTS cheque how to identify?

• The upper left part of the cheque will be printed with the bank's address and IFSC number.

• A common date format is present.

• The extreme left of the cheque has the printer's name and the words "CTS 2010" printed on it.

• On the centre of the cheque is the bank's logo.

• The phrase "Please sign above" appears in the bottom right corner of the cheque.

• The bank's logo is imprinted on the CTS 2010 cheque with invisible (ultraviolet) ink. The logo may be seen in ultraviolet-capable scanners and lamps and is located in the centre of the check. It confirms the validity of a cheque.

If your CTS 2010 chequebook is not compliant, you must get a new one and turn in the non-compliant to the bank. After March 31, 2013, you must switch out any post-dated checks you issued in lieu of choosing direct debit for a home or car loan with ones that comply with CTS-2010. You could also shift to the direct debit / ECS (electronic clearance service) mode, where the EMI money would be deducted from your account each month, to prevent this headache.

I hope now you know how to identify CTS cheque.