ChequeMan Blog

Features of new CTS – 2010 Compliant Cheques

Following are the features of new ‘CTS – 2010 Compliant’ Cheques

1. Branch address with IFSC code printed top of the cheque.
2. Date in dd/mm/yyyy format with boxes.
3. There is a new symbol of rupees inserted near the numerical amount column.
4. “Please Sign Above” is written on the cheque at the bottom right side.
5. Wave like design is embossed on the left hand side of cheque.

Features of New CTS – 2010 Compliant Cheques

Benefiting the account holder

• Clearing time is decreased as there is no manual or physical movement of cheques.
• With electronic transmission of cheques the settlement process would be quicker.
• The loss of cheques in manual transmission is also eliminated.
• Fraudulent in cheque clearing is also eliminated.
• Limitation of cheque clearance on the basis of location is also eliminated.