DBOD.No. BC.101/12.04.002/98-99

October 15, 1998

Ashwina 23, 1920 (Saka)

All Scheduled Commercial Banks

(Excluding Regional Rural Banks)

Dear Sir,

T.T. Discounting facility - Renewal

Please refer to our circular letter DBOD. No. 110/12.04.002/97-98 dated October 4, 1997 on the capioned subject.

2. It has been decided to extend the period for availing of the limits under telegraphic transfers with the Reserve Bank of India sanctioned to scheduled commercial banks for a further period of one year i.e. from 1st November 1998 to 31st October 1999.

Yours faithfully,

(K.S. Chhabra)

Deputy General Manager