Friday, 14 December 2012

CTC Cheques deadline extended

New cheque norms: You can use your old cheque books till March 2013

The Reserve Bank of India announced that it has extended the deadline for banks to ensure withdrawal on Non Cheque Truncation System (CTS) cheque till March 31, 2013.

If you are someone who has not yet gotten in touch with your bank for the CTS cheque book, it’s best you do so as soon as possible because, though the non-CTS-2010 Standard cheques will be accepted as of now, if you continue to use them beyond the extended period, the cheque will be cleared at less frequent intervals.
New cheque norms: You can use your old cheque books till March 2013

The Reserve Bank of India announced that it has extended the deadline for banks to ensure w...
ithdrawal on Non Cheque Truncation System (CTS) cheque till March 31, 2013.

If you are someone who has not yet gotten in touch with your bank for the CTS cheque book, it’s best you do so as soon as possible because, though the non-CTS-2010 Standard cheques will be accepted as of now, if you continue to use them beyond the extended period, the cheque will be cleared at less frequent intervals.

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