Implementation of Cheque Truncation System (CTS) - Dispensation of the requirement of forwarding of government cheques in physical form to Government - Change in the Memorandum of Instructions for reporting of government transactions

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Implementation of Cheque Truncation System (CTS) - Dispensation of the requirement of forwarding of government cheques in physical form to Government - Change in the Memorandum of Instructions for reporting of government transactions

RBI/2014-15/246
DGBA.GAD.No.H -1463/42.01.035/2014 -15

September 30, 2014

The Chairman & Managing Director /
The Chief Executive Officer
All Banks

Dear Sir / Madam,

Implementation of Cheque Truncation System (CTS) - Dispensation of the requirement of forwarding of government cheques in physical form to Government - Change in the Memorandum of Instructions for reporting of government transactions

Please refer to our circular DGBA.GAD.No.H-1204/42.01.035/2014-15 dated September 18, 2014 on the captioned subject.

2. We advise that the date of implementation of the revised procedure in respect of government cheques has been extended by three months to January 1, 2015.

Yours faithfully

(Sunita S. Ratanpal)
General Manager