The Reserve Bank of India ( RBI) has made it mandatory for banks to roll out cheques compliant to CTS-2010 standards by April 1, 2013.
RBI in its circular to the banks also said, “Residual non-CTS-2010 standard cheques that get presented in the clearing system beyond this extended period (March 2013) will continue to be accepted for the clearing but will be cleared at less frequent intervals."
This means the non-CTS-2010 compliant cheques will take more time for the clearing beyond March 2013.
On CTS cheques please contact your bank.
If you have any question in this regard please contact SOS Children's Villages India:
Phone : +91-11- 4323 9200
Fax : +91-11- 4323 9292
Email : email@example.com
Cheques can be sent in favour of “SOS Children's Villages of India ”