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Mar 18, 1998
RBI to introduce Electronic Clearing Service (Credit Clearing) in more centres
The Reserve Bank of India has decided to extend the Electronic Clearing Service (ECS - Credit Clearing Scheme) to eight more centres, viz., Bhubaneshwar, Chandigarh, Guwahati, Jaipur, Kanpur, Nagpur, Patna and Thiruvananthapuram with effect from July 1, 1998. It has also been decided to increase the limit on the transaction value under the ECS (Credit) Scheme from the present Rs. 50,000 to Rs. 1,00,000 from that date. With this, the Scheme would cover all the centres
The Reserve Bank of India has decided to extend the Electronic Clearing Service (ECS - Credit Clearing Scheme) to eight more centres, viz., Bhubaneshwar, Chandigarh, Guwahati, Jaipur, Kanpur, Nagpur, Patna and Thiruvananthapuram with effect from July 1, 1998. It has also been decided to increase the limit on the transaction value under the ECS (Credit) Scheme from the present Rs. 50,000 to Rs. 1,00,000 from that date. With this, the Scheme would cover all the centres

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Page Last Updated on: November 13, 2024