RBI Guidelines

Dear Customer,

The notification given below is relevant only to existing customers of SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) (SMFG India Credit) who are currently repaying their Loans with us.

We wish to draw your attention to the Reserve Bank of India's (RBI) circular # RBI/2012-13/190 - DPSS.CO.CHD.No. 399 / 04.07.05 / 2012-13 dated 3rd September 2012 issued for Standardisation and Enhancement of Security Features in Cheque Forms-Migrating to CTS 2010 standards (continuation of circular DPSS.CO.CHD.No./ 1112 / 04.07.05 / 2011-12 dated 27th December, 2011).

The salient features of the circular and instructions therein as issued under section 18 of The Payment And Settlement Systems Act, 2007 are as follows

• Banks must issue only Multi-city /Payable At Par CTS-2010 standard cheques not later than 30th September 2012 to their customer
• Banks must arrange to withdraw the Non-CTS-2010 standard cheques in circulation before 31st March 2013 by creating awareness through various communication like SMS alerts, letters, display boards in branches/ ATMs, messages in internet banking, notification on website, etc.
• Banks holding post-dated cheques (on behalf of themselves or on behalf of NBFCs) may arrange to ensure the replacement of Non-CTS-2010 standard cheques with CTS- 2010 standard cheques by 31st March 2013

In view of the above notification issued by the RBI, we wish to inform you that there are chances of Non-CTS 2010 standard cheques being dishonored upon presentation in clearing after 31st March 2013. We therefore request you to kindly replace your existing Non-CTS 2010 standard post-dated cheques with CTS – 2010 standard post-dated cheques, as issued by you towards repayment of your Equated Monthly Installments (EMIs) and/or as security cheques and/or as towards any other liability with regard to your loan with SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.)

Please note that you may contact your drawee bank for further details on the RBI circular under reference and seek replacement of the Non-CTS 2010 standard cheques with CTS – 2010 standard cheques.

Should you wish to know, if your current Post Dated Cheques are of CTS – 2010 standard or not, please call Customer Service at 1800 103 6001 (toll-free) or +91 040 4455 6000 or email us at

The new cheque format is below: