THIRUVANANTHAPURAM:
State Bank of Travancore is closing seventeen more non-MICR clearing houses managed by them as at clos
e of business on 30 September 2016. The clearing houses are Kumbanad, Pathanamthitta, Kanjirappally, M
uvattupuzha,
Kayamkulam, Haripad, Cherthala, Kottarakkara, Punalur, Nilambur, Valanchery, Kottackal, Malappuram, Ponnani, Payyannur, Mananthavady and Kasaragod . 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 Ho
use(URRBCH).
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