State Bank Of India

State Bank of India (SBI), country’s largest public sector lender has decided to accept cheques with uniform features conforming to CTS 2010 standard from January 1, in line with Reserve Bank of India’s guidelines. It has instructed all its branches to issue cheques which conform to new standards to their customers.

SBI’s move will be helpful for standardization and enhancement of security features in cheque forms and its migration to CTS 2010 standard. Non-CTS cheques will be out of circulation with effect from December 31, 2012, and will not be acceptable in the clearing system also.

Recently, bank has launched its first ever talking ATM which will allow visually and physically challenged people to access banking facilities at the machine, without having to visit the branches. The new SBI Talking ATM is located at the Jawaharlal Nehru University campus in the Capital. This ATM has been built under access for all standards.