Current · Source: Reserve Bank of India · RBI/2012-13/315 · issued 06 Dec 2012 · ~1 min read
Quick answerRBI has flagged that some Urban Co-operative Banks have not yet submitted their compliance report confirming migration to CTS-2010 standard cheques. Banks must send the confirmation to DPSS without further delay to avoid regulatory action.
The rule, in the simplest words
All Urban Co-operative Banks (UCBs) must send a report to RBI saying they have switched to CTS-2010 standard cheques (special cheques that work everywhere and are harder to fake).
If your bank hasn't sent this report yet, you must do it right now, or RBI may take action against your bank.
For one part of the rule (paragraph 3(iii)), you must follow the deadline given in an earlier letter from September 2012.
Make sure your bank has fully changed to the new cheques and has all the needed systems ready.
How it plays out — a real example
Ravi, a co-operative bank branch officer at a UCB in Surat, gets an urgent email from his CEO saying RBI is waiting for their CTS-2010 compliance report. He quickly checks with the cheque-printing team, confirms they switched to the new cheques last month, and helps draft the confirmation report to DPSS that very afternoon, avoiding a penalty.
What changed
Earlier circulars (Sept 3 and Oct 19, 2012) required all UCBs to issue only CTS-2010 standard cheques by Sept 30, 2012 and submit a compliance report by Sept 14, 2012. This circular notes that some banks have not yet submitted the confirmation, and reiterates the directive with urgency, asking for immediate submission for paragraphs 3(i) and 3(ii) and for paragraph 3(iii) within the target date indicated in the earlier circular.
What it means for you
UCBs that have not complied risk regulatory scrutiny and potential penalties. The RBI is tightening oversight on cheque standardisation to ensure interoperability and reduce fraud. Banks must prioritise this submission to avoid disruptions in cheque clearing.
What you must do
Immediately submit the confirmation report for paragraphs 3(i) and 3(ii) of the Sept 3, 2012 circular to DPSS, CO.
Ensure compliance with paragraph 3(iii) within the target date indicated in the earlier circular and submit the related confirmation.
Verify that your bank has fully migrated to CTS-2010 standard cheques and that all arrangements are in place.
Who it affects
All Primary (Urban) Co-operative Banks (UCBs), Chief Executive Officers of UCBs, Departments handling cheque issuance and payment systems
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the CTS-2010 standard?
CTS-2010 is a cheque standardisation framework introduced by RBI to enhance security and enable faster clearing. All banks were required to issue only CTS-2010 compliant cheques from a specified date.
What happens if we don't submit the compliance report?
The circular warns of further regulatory action. Non-compliance may lead to penalties or restrictions on cheque issuance. Immediate submission is advised.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
RBI’s words: “the time limit for withdrawal/ replacement of non-CTS 2010 Standard cheques with CTS 2010 Standard cheques has been extended up to March 31, 2013”
📜 Read the original circular — full text as issued by RBI
RBI/2012-13/315
UBD.BPD.(PCB).Cir.No. 26/12.05.001 /2012-13
December 6, 2012
The Chief Executive Officer,
All Primary (Urban) Co-operative Banks.
Madam/Dear Sir,
Migrating to CTS 2010 standard - Submission of compliance report
We invite a reference to circulars DPSS.CO.CHD.No. 399/04.07.05/2012-13 dated September 3, 2012 and DPSS.CO.CHD.No. 668/04.07.05/2012-13 dated October 19, 2012 issued under section 18 of the Payment and Settelement System Act, 2007. In terms of which all UCBs were advised to issue only multi-city/payable at par (applicable to CBS enabled Banks with multiple branches) CTS-2010 standard cheques not later than September 30, 2012 and submit confirmation to Department of Payment and Settlement System (DPSS) to the effect that necessary arrangements have been put in place in their respective bank latest by September 14, 2012.
However, it is observed that some banks are yet to submit this confirmation report to DPSS. You are therefore, once again advised to send the confirmation to paragraph 3 (i) and 3 (ii) of the circular dated September 3, 2012 immediately and to paragraphs 3(iii) within the target date indicated in the circular to DPSS, CO without any further delay
Yours faithfully
(Kamala Rajan)
Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2012-13/315 · issued 06 Dec 2012. The plain-English explanation above is BankPulse’s own independent summary.
Example: if you are a Compliance officer at a bank this circular applies to (All Primary (Urban) Co-operative Banks (UCBs), Chief Executive Officers of UCBs, Departments handling cheque issuance and payment systems), your first concrete step on “UCBs: Submit CTS-2010 Compliance Report Immediately” is: “Immediately submit the confirmation report for paragraphs 3(i) and 3(ii) of the Sept 3, 2012 circular to DPSS, CO.” (RBI issued this 06 Dec 2012).
Action required: Immediately submit the confirmation report for paragraphs 3(i) and 3(ii) of the Sept 3, 2012 circular to DPSS, CO.
Action required: Ensure compliance with paragraph 3(iii) within the target date indicated in the earlier circular and submit the related confirmation.
Action required: Verify that your bank has fully migrated to CTS-2010 standard cheques and that all arrangements are in place.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
💬 Banker Discussion
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=7733&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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