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High Value Clearance

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(Querist)
19 December 2009 I understand that RBI has scrapped High Value clearance.If its so why it has done it when it is benefitial to the customers. Whether is there any alternative to get high value cheques cleared within one day without waiting for two days for normal clearance.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 December 2009 I think it is not scarpped the limit of Cheque is increased to Rs.10 Lakhs

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