Benefiting the account holder
March 12th, 2013 by CHEQUEMAN
- Clearing time is decreased as there is no manual or physical movement of cheques.
- With electronic transmission of cheques the settlement process would be quicker.
- The loss of cheques in manual transmission is also eliminated.
- Fraudulent in cheque clearing is also eliminated.
- Limitation of cheque clearance on the basis of location is also eliminated.
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