Tag Archives: SPEED CLEARING

FAQ’s on Speed Clearing

(Updated on June 30, 2015) 1. What is Speed Clearing ? Speed Clearing refers to collection of outstation cheques (a cheque drawn on non-local bank branch) through the local clearing. It facilitates collection of cheques drawn on outstation core-banking-enabled branches of banks, if they have a net-worked branch locally. 2. Why Speed Clearing ? The… Read More »

SPEED CLEARING Questions and Answers

SPEED CLEARING (UPDATED AS ON 5-2-2013) Question 1. What is Speed Clearing ? Answer Speed Clearing refers to collection of outstation cheques (a cheque drawn on non-local bank branch) through the local clearing. It facilitates collection of cheques drawn on outstation core-banking-enabled branches of banks, if they have a net-worked branch locally. Question 2. Why… Read More »