The Reserve Bank of India has today placed on the website an approach paper suggesting the charges to be levied by banks for outstation cheque collection and electronic payment products for public comments. Comments may be addressed either by post to the Chief General Manager, Reserve Bank of India, Department of Payment and Settlement Systems, Central Office, Fort, Mumbai - 400 001 or sent by Fax at no. 022-2265 9566 or may be e-mailed on or before September 25, 2008.

G. Raghuraj
Deputy General Manager

Press Release : 2008-2009/317