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Get the free CTS CHEQUE PAPER ON LIMITED TENDER BASIS

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How to fill out cts cheque paper on

01
Write the date on the 'Date' line in the format DD/MM/YYYY.
02
Fill in the amount in words on the 'Pay' line.
03
Write the amount in figures on the box provided next to the 'Pay' line.
04
Fill in the name of the payee on the 'Pay' line.
05
Sign the cheque at the bottom right corner.

Who needs cts cheque paper on?

01
Individuals or businesses who want to make payments through a secure and standardized method.
02
Banks and financial institutions who issue and process cheques as a form of payment.
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CTS cheque paper is based on the Cheque Truncation System (CTS) which is a digital image-based cheque clearing system implemented by the Reserve Bank of India.
Banks, financial institutions, and individuals who issue or receive cheques are required to use CTS cheque paper.
CTS cheque paper is filled out by entering the required information such as date, payee name, amount in words and figures, signature, etc. as per the guidelines provided by the RBI.
The purpose of CTS cheque paper is to streamline and digitize the cheque clearing process, making it more secure, efficient, and reliable.
Information such as date, payee name, amount in words and figures, signature, MICR encoding, and other necessary details must be reported on CTS cheque paper.
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