RBI has, vide its circular dated April 13, 2009, made the following changes in High Value Clearing for metro centers. Following is the roll out plan for RBI
RBI has, vide its circular dated April 13, 2009, made the following changes in High Value Clearing for metro centers. Following is the roll out plan for RBI
| With Effect From: | Minimum Value of Cheques to be presented in High Value Clearing |
| May 1, 2009 | Rs 5 Lakhs Only |
| August 1, 2009 | Rs 10 Lakhs Only |
| November 1, 2009 | High Value Clearing Not Applicable Henceforth |
Does this mean we are coming at an ERA of Cheque being a history.
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