Date:25/08/2006 URL: http://www.thehindu.com/2006/08/25/stories/2006082505821702.htm

Business - Briefly

RBI notification on relief bonds

MUMBAI: The Reserve Bank of India on Thursday said banks should either issue a demand draft free of cost, or an at-par cheque payable at all branches of the bank. This will be in cases where the payment of principal/interest on the relief/savings bonds is to be made payable at a centre other than the one at which the investment is held.