SBT Closes Seven Non-micr Clearing Houses

THIRUVANANTHAPURAM:
State Bank of Travancore has closed seven more non-MICR clearing houses managed by them as at close of business on 30 November 2016. These include clearing houses at Munnar (Idukki), Koothattukulam, Kothamangalam & Perumbavoor (Ernakulam), Mavelikkara (Alapuzha) Changanassery (Kottayam) and Sulthan Bathery (Wayanad). The national Clearing Cell of Reserve Bank of India has accorded permission for voluntary closure of the clearing houses for migration to Cheque Truncation System in terms of Regulation 25 of the Uniform Regulations and Rules for Bankers’ Clearing House(URRBCH).