How to use the cheque printing configuration option in tally. Hdfc bank is a well known bank in india and it provides all its account holders with a number of banking options and facilities. If the cheque is returned unpaid, the value of the cheque will be immediately debited to the account along with sb interest rate plus 2% for the period i. Erp 9 provides users with the option of preconfigured cheque printing. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. It might happen that your cheque s start bouncing and do not get accepted from jan 1, 20. As per rbi guidelines, only cts 2010 standard cheque books are to be used after 31 december 2012.
Most banks have already stopped clearing non cts cheques since january 1, 2019. December 31st is the last day of using noncts cheques for account holders of all banks including sbi state bank of india, hdfc, punjab. Jan 25, 20 in this modern age, waiting for 3 days for fund credit so that cheque could clear was a bottleneck, with cts one can now expect the same day clearance. Check your current cheque book is it valid new cts. Cts 2010 standard has introduced new security and format features in cheques, including popular micr code. Rbi extends cheque upgradation deadline till march next year 14 dec, 2012, 07.
If you do not have a cts compliant cheque book, please apply with your bank for the same. How to order cheque books through hdfc bank internet. Cts 2010 standard and old bank cheques of india cts 2010 cheque truncation system cheque is a new type of cheque introduced by reserve bank of india. Pap cheque book, free 25 cheque leaves per year financial year additional.
Cheque truncation system cts in india is for faster clearing of cheques where cheque data are captured at the collecting bank branch and transmitted electronically to the drawee branch without the need for the physical cheques to move from the collecting bank to the drawee bank. Do you need any credit card related solution from me. 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. Faqs on credit card payment through cheque sbi card. If you have availed a home loan and or auto loan and issued postdated cheques instead of opting for direct debit, then you will be required to replace such. However, the cost of requesting an additional chequebook 25 leaves has been kept unchanged at rs 75 each. A list of readytouse cheque formats for different banks are provided to use them in as is condition or alter them to fit your requirements.
Everything you need to know about cts 2010 cheques. Please sign above is mentioned on the cheque leaf on right had side bottom. January 01, 2010 hdfc bank has implemented the speed clearing at all the locations. If you received your cheque book before august 2011, you are requested to order a new one. Cheque returns and charging of interest on cheques returned unpaid where immediate credit was given. A cheque is a very important document issued by a bank and is used to pay a specific amount of money from. This is as per the reserve bank of india guidelines. December 31st is the last day of using non cts cheques for account holders of all banks including sbi state bank of india, hdfc, punjab national bank, icici, bank. Cheques drawn on speed clearing branches at non cts locations. 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. After migration of the entire cheque volume from micr system to cts, the traditional micrbased cheque processing has. Hdfc bank leading bank in india, banking services, private. Federal bank has been issuing only cts 2010 standard cheque books to our customers since april 1, 2012.
You can also apply for hdfc bank cheque book at a later stage. A cheque is used to withdraw money from a bank account for making various payments. Cheque truncation system cts is a cheque clearing system undertaken by the reserve bank of india rbi for faster clearing of cheques. When are fill up an account opening form in hdfc bank i. Non cts cheque book will not accept, sbi cheque book rule. Jan 22, 2019 how to apply for hdfc cts cheque book online from mobile. How to apply for a cheque book in hdfc bank onlineoffline. Cheque truncation system cts, an online imagebased clearing system for faster clearing of cheques in india. Please surrender your unused non cts cheques at your branch and obtain new cts 2010 standard cheque book. This article will let you know how to order or request cheque books in hdfc bank through online banking.
Request you to make a note that non cts compliant cheques would not be accepted by banks for clearing post 31 july 20. Below are the easy, quick and convenient channels to order a cheque. Noncts 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. How to apply for hdfc new cheque book request for hdfc. You can also define custom cheque formats to meet your needs. International helpline 91446685 4555 or your relationship manager to request for a new cheque book. And you must do it latest by december 31, 2018, if you dont want your cheques to. Jan 01, 2019 cheque truncation system cts or imagebased clearing system ics, in india, is a project of the reserve bank of india rbi, commencing in 2010, for faster clearing of cheques. You may not be able to use your old cheques from next year with the implementation of the new cheque truncation system cts2010, which. Rbi has issued a circular telling all banks that they should only process and accept those cheques which follow cts guidelines what is cheque truncation system or cts. These include icici bank, hdfc bank, citibank, standard chartered bank, punjab national bank, state bank of india and all of its six associates. Pap cheque book, free 25 cheque leaves per year financial year.
Cts is the abbreviated form of cheque truncation system and the reserve bank of india had issued a new guideline about cts cheques july 2018. Sbi bank ifsc code hdfc bank ifsc code icici bank ifsc. Phone numbers and email addresses mentioned here are the only customer care numbers of hdfc bank, which you should use. While writing cheques to pay your sbi card outstanding fill in your sbi card no. Therefore, we recommend you to replace your non cts 2010 cheque book with a new cheque book at the earliest. While many customers have received new cheque books, many are yet to get them. Cts is based on a cheque truncation or online imagebased cheque clearing system where cheque images and magnetic ink character recognition micr data are captured at the collecting bank branch and transmitted. Now place a new cheque book request for your savings account without visiting the branch. Banks provide a booklet of cheques to serve this purpose.
I have requested cheque book on 12th feb 2011 and same was dispatched to my address. Cheque books issued after aug 2011 are cts 2010 compliant. You can also update the cheque details and have track of cheques to be printed, of a selected or all banks. What to do if you have issued postdated cheques pdcs for loan. To verify if your cheque will hold true post december 2012, check for the following two features on cheque, if they are present, you dont need to worry, if not, order your new cheque book varies from bank to bank. The cheque printing option in the banking menu enables you to print the pending, already printed or the required cheques continuously from a single screen.
Also already circulated cheques will be replaced within 31st december 2012. Bank customers do not need to discard their non cts 2010 standard cheque books in a hurry to get their multicity cts 2010 standard cheque leafs. If you deposit it in a cts branch cheque truncation system which accounts for 95% of the branches today depending on when the cheque was deposited you could get the funds on the next working day late afternoon evening to the following day. Only cts 2010 standard cheque books are to be used after 31. Hdfc bank makes rtgs, neft online transactions free.
Cheque truncation system is a step by step process to simplify the conventional means of cheque clearance. After announcing the implementation of cheque truncation system cts, the state bank of india sbi has asked its customers to update their mailing address. On cheque book issuance, hdfc bank said a customer can avail one chequebook of 25 leaves free only once in a year in contrast to two such chequebooks. How many days will it take for a citibank cheque to be. In case the cheque leaves with you are not cts standard, please request for a new cts 2010 standard cheque. There will be no value cap for pap cheque issuance and no charges will be levied for payment of pap cheques.
In case if your cheque book does not reflect the aforementioned details you must obtain a new cts complied cheque book at the earliest, and surrender the noncompliant one to the bank. 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 31. Magazine subscriptions hdfc bank credit card bill other bank credit card bill. Reserve bank of india rbi has instructed all banks to withdraw non cts standard cheque leaves from circulation by 31st december 20.
Few things i would like to mention due to which your above mentioned transaction might be delayed in exception case. How to apply for hdfc new cheque book request for hdfc cts. And if you hold any postdated cheques beyond 31st march you will have to arrange to get it replaced with a new cheque truncation system cheque. Cheque truncation system cts or imagebased clearing system ics, in india, is a project of the reserve bank of india rbi, commenced in 2010, for faster clearing of cheques. Only cheque books issued after aug 2011 are cts 2010 compliant. Dec 19, 2018 so, better hurry up if you havent got your old cheque books replaced with cts2010 standard cheque books. Hdfc bank customer care number call our 24x7 available. As per rbi guidelines, non cts 2010 standard cheques will be withdrawn from circulation by 31december20. Cheques drawn on speed clearing branches at cts locations, no charge. Sbi to send new cheque books by dec 15, update your address. What is the format of cts2010 standard cheque book.
Cts is based on a cheque truncation or online imagebased cheque clearing system where cheque images and magnetic ink character recognition micr data are captured at. When i requested for cheeque book online i get reference number and conformed message that i will receive the cheque book within 7 working days. Yes, however as per the cheque truncation system cts, guidelines issued by reserve bank of india the banking of such cheques will happen only on monday. Free hdfc india cheque book request form pdf form download. How to apply for hdfc cts cheque book online from mobile. Reporting loss of your debit credit atm forex prepaid bearer card is available 24 hours on all days including sundays and holidays. The standardization of security features would act as a deterrent against frauds and enhance customer safety. Can you please mail me a scanned copy of the latest cheque leaf that is compliant with cts 2010.
Incase the cheque book you currently have is not cts 2010 compliant as per the above features we request you to immediately order a new cheque book. You can apply for your hdfc bank cheque book through netbanking, phonebanking or by filing an application at your branch. You may not be able to use your old cheques from next year with the implementation of the new cheque truncation system cts2010, which will eliminate physical movement of cheques for clearing. Noncts cheques may face further clearance delay from may 1. So it is necessary for all to understand how your new cheque format looks like. According to the requirement, the applicant can select for any of the 5 options to. According to this scheme, along with other procedural banking processes, a bank consumer will be unable to use their old security featureless cheques and mandatorily have to switch over new cheque book containing more fool. If you received your cheque book before august 2011, you are requested to order a. Hdfc bank offers you to opt for cheque book with 25 cheque leaves by online method. Sep 03, 2012 it is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. Cheque return policy the main objective of cheque return policy is to identify the situations under which an instrument presented by the presenting bank, in either cts or micr clearing, is returned. Credit card cheques are treated as if you were withdrawing cash on your credit card and you will be charged handling fees of around 2.
An instrument may not be honoured owing to a single reason or due to multiple reasons. The cut off date for accepting non cts cheques has been extended till 31st july 20. There is a new standard in banking called as cheque truncation system or cts 2010, which all the banks have to follow now. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. Cheque truncation system new benchmark for cheques in banks. A copy of cheque, cts 2010 compliant may please be used in explaining the requirements to be filled for the cheque leaves that can be used for transaction from january 01, 20 onwards.
Hdfc bank awards consistently awarded among indias best bank. Important message for savings account holders having aadhaar uid number issued by uidai. Mar 06, 2014 however, in the year 20 reserve bank of india rbi decided to implement the more awaited cheque truncation scheme cts. A cancelled cheque in india simply refers to any cheque that has strike marks on it. Also, cheques with alterations and corrections will be returned unpaid. Cts has been implemented in new delhi, chennai and mumbai with effect from february 1, 2008, september 24, 2011 and april 27, 20 respectively. Cts cheque clearance has indian banking moved ahead or. The banks fixed deposit programme has been rated care aaa fd triple a by care, which represents instruments considered to be of the best quality, carrying negligible investment risk. Below are the steps to follow to order hdfc cheque books through internet banking. Instead, an electronic image of the cheque will be sent to paying branch through the clearing house along with relevant information like data on the micr band, date of presentation. Once you have placed your request, you will get your cheque book delivered to your doorstep. Older cheque leaf to outdate on dec 31, 2012 cts 2010.
Get more personal finance news and business news on zee business. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque. Hdfc credit card sbi credit card citibank credit card american express credit card. If you are still in possession of nonctc cheque books, then it is in your own interest to get those replaced with cts 2010 standard cheque books latest by december 31. How to apply for a cheque book through hdfc netbanking. Free hdfc india cheque book request form pdf template. Hdfc bank has stated that cheques issued prior to august 2011. Ms soubhagya c star health and allied insurance co. Just check, whether your existing cheque book is ctscompliant or you need to get a new ctscomplaint cheque book issued before 31st december 2012. Other banks such as hdfc bank ltd and icici bank ltd have put a notification about cts 2010 cheques on their websites and branches. Noncts 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.
Private bankers such as icici bank and hdfc bank had started issuing cts 2010 compliant cheque books since last year as also public bankers such as the state bank of india, allahabad bank and united bank of india. In the last step, the drawee bank, after going through the data and image thoroughly can accept the cheque. Why do clearance of cheque in indian banks like hdfc or sbi. Cheque frauds can be greatly reduced with introduction of minimum security features prescribed under cts standards 2010, such as embedded verifiable features such as barcodes, encrypted codes. You should be able to avail a cheque book online through netbanking. Check your cheque status, only those in new format will be. How to order cheque books through hdfc bank internet banking. You can place a request for a new cheque book through internet banking, our 24 hour customer care or at any icici bank. As per the rbi guideline, non cts cheque will become invalid from 1 january. Cts 2010 standard cheque introduced for standardization of security features and easy processing.
Do ensure that you deposit cts compliant cheques i. Visibly, there will only be the following difference. Jan 12, 20 8 boxes to write the date in ddmmyyy format. Dec 03, 2012 add one more item get a new cheque book to your list of things to do before the new year. Income tax return auto expo 2020 home loan business news.
How long does it take to clear a cheque of icici bank to. Sep 06, 2017 this video is a step by step demo of how to apply for a new cheque book of hdfc through hdfc net banking or online through their website easily. Please note that when you receive or issue a cheque, if. Android hindi news app, ios hindi news app amarujala hindi news app. And it will applicable for all inter bank cheque transaction. How do i order a cts 2010 standard compliant cheque book. I am a hdfc account holder presently staying in pune and same address reflect in bank records. Let me know what you think by dropping me a mail o if your bank is not listed in the printed cheque examples below, please visit here to get support for your bank. Article on how to order cheque books through hdfc bank internet banking. Pay hsbc credit card bill online bill payment services.