{"id":906,"date":"2025-04-08T18:25:00","date_gmt":"2025-04-08T18:25:00","guid":{"rendered":"https:\/\/jbco.co.in\/review-of-regulatory-guidelines-withdrawal-of-circulars-2\/"},"modified":"2025-04-08T18:25:00","modified_gmt":"2025-04-08T18:25:00","slug":"review-of-regulatory-guidelines-withdrawal-of-circulars-2","status":"publish","type":"post","link":"https:\/\/jbco.co.in\/?p=906","title":{"rendered":"Review of Regulatory Guidelines \u2013 Withdrawal of Circulars"},"content":{"rendered":"\n\n
\n

RBI\/2025-26\/21
DOR.CO.SOG(Leg) No.15\/09.08.024\/2025-26<\/p>\n

April 8, 2025<\/p>\n

All Scheduled Commercial Banks
All Co-operative Banks<\/p>\n

Madam \/ Dear Sir<\/p>\n

Review of Regulatory Guidelines \u2013 Withdrawal of Circulars<\/p>\n

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 \u2018Annex<\/a>\u2019 are withdrawn with immediate effect.<\/p>\n

Yours faithfully<\/p>\n

(Sunil T S Nair)
Chief General Manager<\/p>\n

\n

<\/a>Annex<\/p>\n

List of Circulars withdrawn<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Sr.No.<\/td>\nCircular No.<\/td>\nCircular Date<\/td>\nSubject of the Circular<\/td>\n<\/tr>\n
1<\/td>\nDBOD.No.CAS.1392\/C.446-72<\/td>\nAugust 19, 1972<\/td>\nTemporary Credit Limits against Cheques Taken for Collection when Clearing is Suspended<\/td>\n<\/tr>\n
2<\/td>\nDBOD.No.NCC.77\/16.15.84\/85<\/td>\nJuly 31, 1984<\/td>\nIntroduction of MICR Technology for Cheque Processing<\/td>\n<\/tr>\n
3<\/td>\nDBOD.No.Leg.BC-88\/C.466(IV)-84<\/td>\nAugust 22, 1984<\/td>\nCustomer Service – Payment of Interest at Savings Bank Rate for the Delay in Collection of Outstation Cheques (Recommendation No.78)<\/td>\n<\/tr>\n
4<\/td>\nDBOD.No.BL.BC.81\/BL.77-78<\/td>\nJanuary 11, 1988<\/td>\nImmediate Credit of Outstation Cheques upto Rs. 2,500\/- and Payment of Interest for Delayed Collection of Outstation Instruments – Extension of Facilities at Extension Counters<\/td>\n<\/tr>\n
5<\/td>\nDBOD.No.Leg.BC.96\/C.466(IV)-88<\/td>\nFebruary 17, 1988<\/td>\nImmediate Credit of Outstation Cheques upto Rs. 2,500\/-<\/td>\n<\/tr>\n
6<\/td>\nDBOD.No.Leg.BC.112\/C.233-89<\/td>\nApril 21, 1989<\/td>\nSection 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<\/td>\n<\/tr>\n
7<\/td>\nDBOD.No.GC.BC.84\/C.408(A)-91<\/td>\nFebruary 19, 1991<\/td>\nFrauds – Kite Flying of Cheques<\/td>\n<\/tr>\n
8<\/td>\nDBOD.No.BC.82\/09.07.007\/93<\/td>\nFebruary 25, 1993 <\/td>\nCustomer Service – Immediate Credit of Local Cheques<\/td>\n<\/tr>\n
9<\/td>\nDBOD.No.BC.127\/11.19.001\/92-93<\/td>\nJune 9, 1993<\/td>\nClearing Differences<\/td>\n<\/tr>\n
10<\/td>\nDBOD.No.BC.140\/09.07.007\/93<\/td>\nJuly 12, 1993<\/td>\nDelay in Crediting the Proceeds of Outstation Instruments – Rate of Interest<\/td>\n<\/tr>\n
11<\/td>\nDBOD.No.BC.45\/09.07.007\/94<\/td>\nApril 16, 1994<\/td>\nCustomer Service – Immediate Credit of Outstation Local Cheques – Rate of Interest<\/td>\n<\/tr>\n
12<\/td>\nDBOD.No.BC.93\/11.19.001\/93-94<\/td>\nAugust 4, 1994<\/td>\nPresentation of Cheques in the same day’s MICR Clearing<\/td>\n<\/tr>\n
13<\/td>\nDBOD.BC.No.59\/09.07.007\/95<\/td>\nMay 17, 1995<\/td>\nCustomer Service – Collection of Outstation Cheques<\/td>\n<\/tr>\n
14<\/td>\nDBOD.No.724\/09.07.007\/96<\/td>\nJune 22, 1996 <\/td>\nCustomer Service – Collection of Outstation Cheques<\/td>\n<\/tr>\n
15<\/td>\nDBOD.No.BC.48\/09.07.007\/97<\/td>\nApril 22, 1997 <\/td>\nCustomer Service – Collection of Local Cheques<\/td>\n<\/tr>\n
16<\/td>\nDBOD.No.248\/09.07.007\/97-98<\/td>\nDecember 12, 1997 <\/td>\nCustomer Service – Collection of Outstation Instruments<\/td>\n<\/tr>\n
17<\/td>\nDBOD.No.BC.132\/09.07.007\/99-2000<\/td>\nDecember 30, 1999 <\/td>\nCustomer Service – Collection of Outstation Cheques<\/td>\n<\/tr>\n
18<\/td>\nDBOD.No.BC.181\/09.07.007\/99-2000<\/td>\nMay 29, 2000 <\/td>\nCustomer Service – Immediate Credit of Outstation and Local Cheques – Enhancement of Ceiling<\/td>\n<\/tr>\n
19<\/td>\nDBOD.No.LEG.BC.131\/09.07.007\/2000-2001<\/td>\nJune 14, 2001 <\/td>\nDelay in Collection of Outstation Cheques<\/td>\n<\/tr>\n
20<\/td>\nDBOD.No.Leg.BC.21\/09.07.007\/2002-03<\/a><\/td>\nAugust 23, 2002 <\/td>\nCustomer Service – Immediate Credit for Outstation and Local Cheques – Enhancement of Ceiling<\/td>\n<\/tr>\n<\/table>\n<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

RBI\/2025-26\/21 DOR.CO.SOG(Leg) No.15\/09.08.024\/2025-26 April 8, 2025 All Scheduled Commercial BanksAll Co-operative Banks Madam \/ Dear Sir Review of Regulatory Guidelines \u2013 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 \u2018Annex\u2019 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-906","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=906"}],"version-history":[{"count":0,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/906\/revisions"}],"wp:attachment":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}