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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