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Charges on cash withdrawal and deposit using Cheques

In order to decrease the use of cheques, RBI paper has requested the banks to charge their customers for depositing/withdrawing money using cheques. It has also suggested the Government agencies not to charge “convenience charge” for the electronic payment of utility bills.

Other suggestions were to limit the number of free cheques in a year to a very small number, high fee on new cheque books, and mandatory online payment of credit cards issuing post dated cheques.

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