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CTS 2010 Standard

What is CTS-2010 Standard Cheque?

There are two traditional ways of funds exchange, either through cash or through cheques. Monetary exchange through cheque is considered to be safest method.

In a well populated country like India, imagine how many physical cheques would be written per year? May it be cheques involving same bank or different banks? A general procedure involves 4-5 working days to acquire clearance for the physical cheque. In case of cheques dealing with interstate transaction, some amount of time is consumed in transportation of the physical check as well; hence the process might take 10-15 days. At times there are chances that the physical cheque might get tampered in the process.

To secure the process, RBI has come up with an innovative technique called as CTS-2010 standard cheque. These cheques provide secure way of money processing. Through the introduction of CTS system, the age old method of the check exchange from one person to other would be purged.

The newly introduced methodology commonly known as CTS-2010 Standard would involve an electronic reflection of the cheque that would be forwarded to the bank that has to pay for the cheque. The issuer bank would have the check in physical form. The other details of the exchange like date of transaction, MICR fields, information about the involved banks also would be shared. This methodology is much safer than the existing one where there are chances of loss of cheque or manipulation of the cheque ultimately leading to the loss of the customer.

Steps to Be Implemented by Banks

The existing system needs to be assessed and then the integration needs to be done, without disturbing the functional attributes of other modules involved.

  • Since the process would involve e-transfer, a lot of security measures need to implemented to avoid any kind of breach.
  • The customers should be made aware of the newly introduced system and the advantages of the same. The customers should feel safe in this type of transaction and hence their doubts about the same should be cleared.
  • Even the bank employees should enthusiastically involve themselves to work along with the new methodology.
  • There should be a tracking facility that would help both the bank and the customer to track the current status of the cheque.
  • Ultimately, success of the system depends on its scalability; hence the new system should accomplish and meet the customer demands seamlessly. 

Advantages of the CTS-2010 Standard Techniques

  • Quicker money transfer.
  • Prevention of monetary frauds.
  • Less time consumption as compared to the traditional physical cheques.
  • Since e-transaction is involved, online tracking of check can be done at any instant.
  • Less amount of time would be invested in paperwork.


With this process of execution, there would be no more delay in cheque transitions and it would be done in secure electronic media.  As issued by the government of India, bid adieu to the traditional old cheque books from March 31st 2013 and welcome and get adapted to the new CTS-2010 electronic methodology.

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