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What Is The Format Of CTS-2010 Standard Cheque Book?

Finance Guru Speaks: As per the said new RBI guidelines, banks have been advised to issue only 'CTS 2010' standard multicity/Payable at Par cheques to their account holders. Effective December 31st, 2012 usage of non 'CTS 2010' standard cheques would not be applicable with regard to your investments.

How to identify a CTS '2010' compliant cheque :

1.      Bank's logo printed with invisible ink
2.      Void pantograph
3.      Cheque printer details/CTS- 2010
4.      Rupee symbol
5.      Signature Space Indicator

The sample of a CTS 2010 standard cheque format is shown below:-

Format of CTS-2010 Standard Cheque Book
Format of CTS-2010 Standard Cheque Book
You may also consult with your bank for more clarification in this regard.

How are you impacted?
  • You are advised to note that effective December 31, 2012 you would not be able to do financial transactions in Mutual Funds, etc with non CTS 2010 standard cheques.
  • In case you have submitted post-dated non-CTS 2010 standard cheques dated 1st January 2013 onwards for your Systematic Investment Plan (SIP) investments, please replace them with CTS-2010 standard cheques before 31/12/2012
How does this benefit you?

  • The stronger security features in the CTS-2010 cheque makes it easy for the presenting banks to confirm the genuineness of the drawee banks' instruments.
  • The standardization of security features would act as a deterrent against frauds and enhance customer safety.
  • The fixed field placement would enable easy processing at the drawee banks' end.

Image Courtesy: Sundaram Asset Management Company

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