According to new CTS (Cheque Truncation System) you must use new Cheque books from first January, 2013; and for this reason your old checks won’t be accepted by banks. This is a new CTS 2010 system. However, there is good news for all of us; our old checkbooks still work until March 2013. So from the first April you must need new checks. This news is very useful if you make payments using checks.
Read new guidelines for CTS 2010 in PDF:
I haven’t received my new checkbook. SBI is delivering new checkbooks at your doorstep but in other banks you need to apply for it. In the New Year you need new checkbook.
Until now; if your check is not from the same bank it takes 3 days to get clear but with new rules all the checks are multicity and will be going to clearing process on the same day, because new checks are scanned and converted in to digital image for clearing instead of sending them to their respected bank branches. This process will save time and money and check will be cleared on the same day or the next day. This will also help prevent frauds and cases of missing checks.
You need to be more careful while filling the new check otherwise your check will fail in clearing process. Your signature will be verified by computer system and this system is more precise.