The Reserve Bank of India has issued a notification prescribing a cut-off date for implementation of the ‘Cheque Truncation System (CTS)-2010 standards’ across the country by April 1 this year. “It has since been decided to prescribe a cut-off date for implementing the ‘CTS-2010 standards’ across the country. All banks providing cheque facility to their customers are, therefore, advised to issue only 'CTS-2010' standard cheques not later than April 1, 2012, on priority basis in northern and southern region which will be part of the northern and southern CTS grids, respectively, and across the country by September 30, 2012, through a time-bound action plan,” the central bank notification said.

The new cheque standard ‘CTS 2010,’ with a set of minimum security features, would ensure uniformity across all cheque forms issued by banks in the country.