Business - Briefly   

Norms on cheque deposits

MUMBAI: Banks are required to provide both the drop box facility and the facility for acknowledgment of cheques at the collection counters and banks cannot refuse to give an acknowledgment if the customer tends the cheques at the counter, Usha Thorat, Deputy Governor, Reserve Bank of India, said here at the `Financial Planning Congress 2006' organised by the Financial Planning Standards Board of India.

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