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BNM: Banks to charge 50 sen to process a cheque from April 2014


  • News
  • Wednesday, 20 Mar 2013

KUALA LUMPUR: Banks will impose a cheque processing fee of 50 sen on the issuer of the cheque with effect from April 1, 2014 as Bank Negara Malaysia (BNM) sets a new pricing strategy to promote greater efficiency.

The central bank said on Wednesday this fee would be in addition to the existing stamp duty of 15 sen per cheque leaf.

   

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