Informative

RBI Withdraws Legacy Circulars on Cheque Collection as Part of Regulatory Review

Update / Judgement Date

10 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

RBI

The RBI has withdrawn several legacy circulars related to cheque collection as part of its ongoing regulatory review process. This move aims to simplify and streamline the regulatory framework for cheque processing, likely in light of advancements in digital payment systems and the declining use of cheques. The withdrawal of outdated circulars will help in reducing ambiguity and promoting efficiency in the banking system.

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RBI Withdraws Legacy Circulars on Cheque Collection as Part of Regulatory Review

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