We have following features for Check Clearance
- Cheque Clearance is the process of collecting the funds written on a cheque from the issuing bank.
- It involves verification and settlement between the drawer’s and payee’s banks.
- Cheques can be deposited at bank branches, ATMs, or through cheque collection kiosks.
- The clearance time is typically 1 to 3 working days, depending on the bank and location.
- Banks now use CTS (Cheque Truncation System) for faster and more secure cheque processing.
- Customers receive SMS alerts or email notifications once the cheque is cleared
- It is a safe and standard method for transferring funds, especially in business and official transactions.
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