Non-CTS cheques not acceptable from 31.12.2018

By | January 5, 2019
(Last Updated On: January 5, 2019)

As per RBI directives, periodicity for processing Non-CTS cheques in CTS clearing has been reduced to ‘once in a month’ from 01.09.2018, i.e., second Wednesday of the month. No such cheques will be accepted in CTS clearing after 31.12.2018. Please contact your Home branch for replacement with CTS-2010 standard cheques. 

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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