Fast Post :
The cumulative value of transactions carried out through cheques across the country during June, 2011, amounts to Rs 7.19 lakh crore, a 13.9 per cent decline vis-a-vis the year-ago period, according to new RBI data.
Banks had cleared cheques worth Rs 8.35 lakh crore in June, 2010, according to the latest data from the Reserve Bank of India.
The total number of cheques cleared by banks across the country during June, 2010, was also 3.8 per cent less than in the same month last year.
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