National Regional Electronic Clearing Service (NECS RECS) – Extension of service to remaining branches

The Reserve Bank of India has been pursuing with banks to ensure increased branch coverage under RECS and NECS. With a view to extend both NECS and RECS facility to the customers of all bank branches, the participating banks are once again advised to make efforts in bringing all their branches under NECS/RECS. The branches which are on CBS and already participating in NEFT should be taken up on priority basis. The banks may draw a time bound plan for the same under advice to us.

To view the full text of the circular, please follow the link

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