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Review of Regulatory Guidelines – Withdrawal of Circulars

RBI/2025-26/21
DOR.CO.SOG(Leg) No.S248/09.08.024/2025-26

April 8, 2025

All Scheduled Commercial Banks
All Co-operative Banks

Madam / Dear Sir

Review of Regulatory Guidelines – Withdrawal of Circulars

As a sequel to the recommendations of Regulation Review Authority (RRA) 2.0, a further review has been undertaken on the existing regulatory guidelines on cheques. Accordingly, the circulars listed in ‘Annex’ are withdrawn with immediate effect.

Yours faithfully

(Sunil T S Nair)
Chief General Manager


Annex

List of Circulars withdrawn

Sr.No.

Circular No.

Circular Date

Subject of the Circular

1

DBOD.No.CAS.1392/C.446-72

August 19, 1972

Temporary Credit Limits against Cheques Taken for Collection when Clearing is Suspended

2

DBOD.No.NCC.77/16.15.84/85

July 31, 1984

Introduction of MICR Technology for Cheque Processing

3

DBOD.No.Leg.BC-88/C.466(IV)-84

August 22, 1984

Customer Service - Payment of Interest at Savings Bank Rate for the Delay in Collection of Outstation Cheques (Recommendation No.78)

4

DBOD.No.BL.BC.81/BL.77-78

January 11, 1988

Immediate Credit of Outstation Cheques upto Rs. 2,500/- and Payment of Interest for Delayed Collection of Outstation Instruments - Extension of Facilities at Extension Counters

5

DBOD.No.Leg.BC.96/C.466(IV)-88

February 17, 1988

Immediate Credit of Outstation Cheques upto Rs. 2,500/-

6

DBOD.No.Leg.BC.112/C.233-89

April 21, 1989

Section 4 of Banking, Public Financial Institutions and Negotiable Instruments Laws(Amendment) Act, 1988 - Imposing Penalties in case of Dishonour of Cheque for Insufficiency of Funds in the Account

7

DBOD.No.GC.BC.84/C.408(A)-91

February 19, 1991

Frauds - Kite Flying of Cheques

8

DBOD.No.BC.82/09.07.007/93

February 25, 1993

Customer Service - Immediate Credit of Local Cheques

9

DBOD.No.BC.127/11.19.001/92-93

June 9, 1993

Clearing Differences

10

DBOD.No.BC.140/09.07.007/93

July 12, 1993

Delay in Crediting the Proceeds of Outstation Instruments - Rate of Interest

11

DBOD.No.BC.45/09.07.007/94

April 16, 1994

Customer Service - Immediate Credit of Outstation Local Cheques - Rate of Interest

12

DBOD.No.BC.93/11.19.001/93-94

August 4, 1994

Presentation of Cheques in the same day's MICR Clearing

13

DBOD.BC.No.59/09.07.007/95

May 17, 1995

Customer Service - Collection of Outstation Cheques

14

DBOD.No.724/09.07.007/96

June 22, 1996

Customer Service - Collection of Outstation Cheques

15

DBOD.No.BC.48/09.07.007/97

April 22, 1997

Customer Service - Collection of Local Cheques

16

DBOD.No.248/09.07.007/97-98

December 12, 1997

Customer Service - Collection of Outstation Instruments

17

DBOD.No.BC.132/09.07.007/99-2000

December 30, 1999

Customer Service - Collection of Outstation Cheques

18

DBOD.No.BC.181/09.07.007/99-2000

May 29, 2000

Customer Service - Immediate Credit of Outstation and Local Cheques - Enhancement of Ceiling

19

DBOD.No.LEG.BC.131/09.07.007/2000-2001

June 14, 2001

Delay in Collection of Outstation Cheques

20

DBOD.No.Leg.BC.21/09.07.007/2002-03

August 23, 2002

Customer Service - Immediate Credit for Outstation and Local Cheques - Enhancement of Ceiling