Sbi to send new cheque books by dec 15, update your address after announcing the implementation of cheque truncation system cts, the state bank of india sbi has asked its customers to update. If you are still in possession of nonctc cheque books, then it is in your own interest to get those replaced with cts2010 standard cheque books latest by december. Now after the rbi instructions, the banks are advising their customers to replace the old cheque book with a new cheque book. If you still do the transaction by cheque, then read this news. Home photo gallery chandigarh non cts cheque book will not accept, sbi cheque book rule changed. As per an old rbi rule, noncts cheques will be invalid after.
Just check, whether your existing cheque book is cts compliant or you need to get a new cts complaint cheque book issued before 31st december 2012. Noncts cheques used by customers of all banks including state bank of india. An electronic image of the instrument is presented for clearing. Sbi, hdfc, pnb, icici, bob, other bank customers these to become invalid non cts cheques used by customers of all banks including state bank of india sbi, hdfc bank, icici bank, bank of baroda, punjab national bank and others will become invalid from january 1. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. Sbi to accept cheques conforming to new standards from jan. December 31st is the last day of using noncts cheques for account holders of all banks including sbi. Also already circulated cheques will be replaced within 31st december 2012. If you are still in use of nonctc cheque books, then it is in your own. State bank of india now lets you request new cheque book online without visiting branch. With this, the bank will not accept all the noncts cheques that you issue from your existing cheque book and those will be out of circulation.
Sbi to accept cheques conforming to new standards from jan 1 to meet the objective, sbi has asked all its branches to issue only with uniform features conforming to cts 2010 standard cheques to their customers. Old non cts cheque are going on in all the major banks of the country like punjab national bank. Sbi is arranging to send these new series of cheque books to its. The new atmosphere i not merely important in iha front presented by the allies in europe. I fail to understand sbis motive to earn from such mode, from the. A majority of banks, including sbi and pnb, have already informed. Full text of the judicature act of ontario being r.
Non cts cheque book will not accept, sbi cheque book rule. So it is necessary for all to understand how your new cheque format looks like. Instead, an electronic image is generated for transmission of the. Bank customers rbi new guidelines 2019 non cts cheques stop. If you are having non cts cheque book,then take a new one.
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