Benefiting the account holder

  • 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.
  1. No Comments

You must login to post a comment.