You may not be able to use your old cheques from next year with the implementation of the new Cheque Truncation System (CTS-2010), which will eliminate physical movement of cheques for clearing.

But for that, you must switch to new cheques with prescribed standard features before December 31.

If you have received the cheque book more than two or three months ago, you need to run a status check.

For instance, the compliant ones will have the new rupee symbol (.`) inscribed near the numerical ‘amount’ field.

Visibly, there will only be the following difference: “Please sign above” is mentioned on the cheque leaf on right had side bottom; and, void pantograph (wavelike design) is embossed on left hand side of the CTS cheque leaf.

If you have issued post-dated cheques (PDCs) for your home or auto loan EMIs, you will have to issue fresh cheques