- MICR Cheque Processing Centers (MICR CPCs):
The processing charges for the instruments processed at MICR-CPCs shall be recovered on a monthly basis by debit to the accounts of the member banks maintained with the bank managing the Clearing House, or by any other method, at the rate prescribed by the Reserve Bank of India from time to time. The bank managing a MICR Cheque Processing Centre shall not levy any other extra charges, for a service/ facility relating to the clearing process other than the rate prescribed by Reserve Bank of India towards processing charges. Currently the charges prescribed are @ ` 2.50 per cheque (`1/- from the presenting bank and `1.50 from the drawee bank).
- Cheques processed through Cheque Truncation System (CTS)
The entities managing a CTS Centre shall not levy any other extra charges, for a service/ facility relating to the clearing process other than the rate prescribed by Reserve Bank of India towards processing charges. Currently the charges prescribed are @ Rs.1.50 per cheque (`0.50 from the presenting bank and `1.00 from the drawee bank).
- Other Clearing Houses:
Clearing Houses other than MICR CPCs collect maintenance charges from the member banks towards various expenses incurred for operating the clearing house. These maintenance charges are calculated based on the actual expenditure incurred by the bank managing the clearing house for clearing operations and the same is equally shared by all the member banks on a no-profit basis.
- Charges for banks managing back-up clearing centers (MICR and non-MICR centers)
Banks managing back-up clearing centers (primary or alternate) shall get themselves compensated by the member banks of the Clearing House for the relative investment made by them on computer hardware / software and other operating expenses on equal sharing basis. Additionally, the back-up banks may also recover expenses incurred by them during contingencies / disruptions / contingency drills from the member banks of the Clearing House. The expenses recovered must be reasonable and should be approved by the President of the Clearing House.
Charges for clearing cheques, both local and outstation, are levied by banks based on their collection policies and will be disclosed in the individual Cheque Collection Policies framed and placed on their website.