Friends,
Reserve Bank of India (RBI) has issued a circular to start CTS-2010 Standard based cheque system for Standardization and enhancement of Security Features in Cheque Forms. RBI has issued instructions to all Nationalised Banks to implement this system w.e.f. 01.12.2013. As per RBI guidelines, there have been certain changes made to the cheques issued by the Bank. However, these changes are available only in cheque books issued after August 2011. If you have obtained the cheque book prior to this, the cheques will not be valid after December 31, 2012. After this date the old cheques will not be accepted by Banks and your transactions may be held up. So replace your old cheques with new ones from the concerned Bank where you have your Account. The new CTS-2010 Standard cheques will have a standardized watermark, with the words “CTS-INDIA” which can be seen when held against any light source. This would make it difficult for any fraudster to photocopy or print an instrument since this paper would be available only to security printers handling cheque printing. The cheques should have a VOID panto-graph (At Printing Stage) which means Panto-graph with hidden / embedded “COPY” or “VOID” feature shall be included in the cheques. This feature should not be visible on the scanned image at the resolution specified in CTS but should be clearly visible in photocopies and scanned colour images as resolution used in such cases would be above the prescribed CTS standards. This would act as a deterrent against colour photocopy or scanned colour images of a cheque and a Bank’s logo printed with invisible ink (ultra-violet ink). There are some other features of CTS-2010 Standard Cheque which could be read in the notification issued by RBI and also Download the same from the link given below.
Meanwhile , State Bank of India has published an advertisement in news papers as on 05.11.2012 .The advertisement as given in HT (Hindustan Times Page -3 Chandigarh Edition ) is reproduced here under.
So go to your Bank and get issued the New CTS-2010 Standard base Cheque Book to avoid further difficulties.
Download RBI guidelines in this regard.
