Will your cheque book be valid after 31st December, 2012?
Reserve bank of India standardize and increase the security features of the cheque book. This is called 'CTS 2010 Standard Cheques'.
This include quality of paper, ink, bank logo and pantograph etc. If the cheques you currently hold have the following features, they will be valid after the given date.
- "Please sign above" is mentioned on cheque leaf on the lower right-hand side.
- A wave like design is embossed on the left-hand side of Cheque leafClick here to see the new cheque format.
How Non CTS 2010 Standard cheques will affect your Mutual Fund Investment!
Additionally, any post-dated cheques issued by you and due after December 31, 2012 will need to be replaced by the fresh cheques meeting the above mentioned guidelines.
RBI Notification on Standardisation and Enhancement of Security Features in Cheque Forms-Migrating to CTS 2010 standards
Reserve Bank of India has advised Banks to withdraw non-CTS 2010 standards cheques in circulation before December 31,2012 and implement 'Standardisation and Enhancement of Security Features in Cheque Forms'.
RBI Guidelines on new cheque
This information is available on HDFC Bank website under Important Message.
Customer notice for CTS 2010
Also refer: The introduction of new cheque standards ‘CTS 2010