.........As a sequel to the decision which has been taken following the direction of the Reserve Bank of India, the Pondicherry Banker’s Clearing House (PBCH), which is functioning from No:15, Rue Suffren, Puducherry, will close its operation on Saturday. The PBCH has so far been receiving post-dated cheques or equated monthly instalment cheques from networking bank branches for processing them. They were personally handed over by staffers of the banks concerned. Hereafter, branches of banks, upon receiving cheques from customers, will scan and forward them to the Cheque Truncation System at Chennai (southern grid) after following all mandatory procedures........
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