my cheque leaf contains "please sign above" but not any emboss.
Umesha
----- Original Message -----
From: "vishal sharma" <[email protected]>
To: <[email protected]>
Sent: Friday, 02 November, 2012 2:33 PM
Subject: [AI] RBI Notification-new cheque format
If you have issued any PDC towards housing loan, vehicle loan etc.,
beyond 31st Dec 2012 please do the needful.
RBI has issued notification to out-date older cheques leaves by
December 31, 2012 by fully adopting to CTS 2010 (Cheque Truncation
System) guidelines. This means that if you have any cheque leaf older
than mid 2011 (varies from bank to bank), these cheques will not be
accepted post January 1, 2013. CTS 2010 standard has introduced new
security and format features in cheques, including popular MICR code.
To verify if your cheque will hold true post December 2012, check for
the following two features on cheque, if they are present, you don’t
need to worry, if not, order your new cheque book (varies from bank to
bank) .
· “Please sign above” is mentioned on cheque leaf on the lower
right-hand side.
· A wave like design is embossed on the left-hand side of Cheque
leaf
This also means any post dated cheque issued also needs to be replaced
at earliest as those cheques will also not hold valid if you don’t
have these features. So get hold of your cheque book and make sure
you have one delivered to you at earliest if you are using the older
cheques.
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