Reserve Bank of India - Notification No. 1146-02.27.004-2010-11 - Interbank-Cheque Drawing Arrangements

The Reserve Bank of India, recognizing the need for facilitating inter-bank cheque drawing arrangements and to provide for enhanced services to customers of banks, directs that the provisions of sub-section (1) of Section 4 of the Payment and Settlement Systems Act, 2007 shall not apply to the banks entering into bilateral inter-bank cheque drawing arrangements in India or arrangements for instruments of similar nature.

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2010
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Tuesday, November 23, 2010
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Reserve Bank of India

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