Below is the screenshot for the CTS 2010 compliant cheque for Axis bank. This bank has been issuing CTS 2010 cheques since Aug 2011.
Please note that Non-CTS cheques would not be used post 31st March 2013.
Action required at customers end
Retail Loan Customers: Customers who have issued post dated cheques that are due after 31st March 2013, are requested to visit the nearest Loan Centre and have them replaced with CTS 2010 compliant cheques. You may also opt for Electronic Clearing Service (ECS) (applicable ONLY to locations with ECS Clearing) OR open a new Savings Account with Axis Bank and issue standing instructions.
Benefits of CTS 2010
Faster Clearing, Security and Safety against the frauds are a few benefits and this is definitely a big step towards making India a real free India in banking sector.
