BANK CHEQUE CLEARING PROCESS | CTS CLEARING
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YouTubeLearning Equinox
BANK CHEQUE CLEARING PROCESS | CTS CLEARING
In our banking literarcy series to day we shall understand how does clearing happen What is the clearing process Cheque clearing process cheque clearing process in India CTS Clearing of cheques How does clearing happen Cheque Truncation System Cheque Payment System Watch till the end to understand the clearing process in detail #learningequinox ...
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RBI’s same-day cheque clearing system went live on October 4. What used to take one or two days now happens in a few hours. Earlier, cheques cleared in fixed sessions. Now banks process them all day, between 10 AM and 4 PM. Deposit in the morning, and your money could hit your account by evening. Banks now settle cheques every hour starting 11 AM. They have until 7 PM to confirm them. After that, it’s auto-approved. Right now, we’re in phase one, running till January 2. During this time, banks g
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RBI’s same-day cheque clearing system went live on October 4. What used to take one or two days now happens in a few hours. Earlier, cheques cleared in fixed sessions. Now banks process them all day, between 10 AM and 4 PM. Deposit in the morning, and your money could hit your account by evening. Banks now settle cheques every hour starting 11 AM. They have until 7 PM to confirm them. After that, it’s auto-approved. Right now, we’re in phase one, running till January 2. During this time, banks g
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