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What is difference between inward CLEARING and outward?
Assume you hold an account with HSBC, and you give a cheque to your friend who holds account with Citi . So a cheque drawn on HSBC MICR, gets deposited in Citi . Now HSBC Processing team receives the cheque from Citi processing team through clearing . This is Inward clearing of funds wherein HSBC checks signature, funds, stale or post dated details before clearing it or return it. On the other way, cheques drawn on other bank deposited in hsbc and the same sent by HSBC to drawn on bank through clearing is outward clearing.. These processes have now been automated using applications like ICCS - Image cheque clearing system. etc..
What does hay clearing mean?
"Hay Clearing" means to clear the hay from the ground.
What does the word clearing mean?
Clearing the land means chopping down all the trees.
The aim of art is to represent not the outward appearance of things but their outward signficance mean?
anatomy
What is purchase check?
It's a kind of facility where a bank customer can draw upto a pre-specified amount against the value of the outward clearing cheques.
What is hay clearing?
it mean haley
What does yaxley mean?
cuckoo-clearing.
What does outward mean in latin?
ecto
What does outward mean?
Visible/exterior.
What is outward clearing check?
Cheques deposited in the bank for credit to their accounts, drawn on a bank other than that of the collecting bank,i.e., not a transfer cheque. Cheques are bound outward to the payee/ drawee bank (the bank that is making the payment/ on whom the cheque is drawn). Example: A cheque drawn on "Bank of America" deposited in "Chase Manhattan Bank ", is an outward cheque for Chase and is an inward cheque for Bank of America.Outward cheques could beLocal cheques (within the same geographical/ clearing zone),Outstation cheques (drawn on a bank outside the local clearing zone) orForeign cheques (drawn on a bank/ location outside the country of the collecting bank).
What does Harley mean in Irish?
Harley is an Old English surname meaning "rock clearing" or "hare clearing".
What does outward sign mean?
Visible/exterior.
