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it will credit on monday night after 8.PM

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Q: If one have deposited a cheque on last Friday of ICICI in his SBI account how many days it will take to clear?
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Related questions

What is difference between cross check and bearer check?

A Bearer cheque is one which the bearer (the person to whom the cheque was issued) can present at the bank on which the cheque was given and receive the cash For ex: If I give you a cheque on my ICICI Bank account in Chennai to you, you can take that cheque to any ICICI bank branch in Chennai and collect the cash that is written on it (if i have sufficient balance in my account) whereas a crossed cheque is one that cannot be cashed as said above. It can only be deposited into the payees (your) bank account


How long does a cheque take to clear after being presented?

It depends on various factors. Let us take a look assuming you have got a cheque from a friend who has an account in ICICI Bank, Chennai:If you visit any ICICI Bank branch in Chennai and deposit the cheque into your ICICI account - Usually the same dayIf you visit any ICICI Bank branch outside Chennai and deposit the cheque into your ICICI account - Usually the same or next working dayIf you visit any other bank in Chennai and deposit the cheque into your account - 2 to 3 business daysIf you visit any other bank outside Chennai and deposit the cheque into your account - 3 to 5 business days


How banks clear checks?

Lets say I owe you Rs. 10,000/- and give you a cheque drawn on my bank account (ICICI). Let us see the sequence of events 1. I hand over the cheque worth Rs. 10,000/- drawn on ICICI Bank to you 2. You take it to your bank (lets say HDFC) and deposit it into your bank account 3. HDFC Processes the cheque and sends a request to ICICI for payment 4. If I have enough funds in my account, ICICI will process the payment and release the funds to HDFC Bank 5. HDFC Bank processes the payment and credits the funds into your bank account The above is a simple illustration of how this whole Cheque Collection & Clearing mechanism works. If you had an ICICI Bank account too, this whole process would be much faster because, step 3 is not required at all. The bank will just check if you have enough funds in your account and if so, move the money into the payee's bank account


What is a bearer check?

A Bearer Cheque is a type of cheque which will be encashed by a bank and paid out as cash to the person holding the cheque. For ex: If I owe you Rs. 10,000/- and give you a bearer cheque of my bank account with ICICI Bank, all you have to do is, visit your nearest ICICI Bank branch and then submit the cheque for payment. The bank will ask for your identity proof to verify that you are indeed the payee for the cheque and if they are satisfied, they will give you the cash right away.


What are the charges for clearing an sbi outstation cheque in icici account of rs 14000?

My outstation cheque worth of Rs 40748-/- How many clearance charges there of and How much time to clear a outsation cheque of SBI i.e from Bardoli to Navsari


What does payable to bearer mean on checks?

It means that, money will be paid out to the person who is holding (bearer) the check. For ex: If I owe you Rs. 10,000/- and give you a bearer cheque of my bank account with ICICI Bank, all you have to do is, visit your nearest ICICI Bank branch and then submit the cheque for payment. The bank will ask for your identity proof to verify that you are indeed the payee for the cheque and if they are satisfied, they will give you the cash right away. You, the person carrying the cheque will be considered the bearer of the cheque.


Check icici bank account balance through mobile phone?

my account is icici bank icici is a very


How long for a check to clear the account?

It depends on various factors. Let us take a look assuming you have got a check from a friend who has an account in ICICI Bank, Chennai: a. If you visit any ICICI Bank branch in Chennai and deposit the check into your ICICI account - Usually the same day b. If you visit any ICICI Bank branch outside Chennai and deposit the cheque into your ICICI account - Usually the same or next working day c. If you visit any other bank in Chennai and deposit the check into your account - 2 to 3 business days d. If you visit any other bank outside Chennai and deposit the check into your account - 3 to 5 business days


What is MICR code for icici bank velachery branch chennai?

Check in your cheque book........


What are the transactions that you can do online?

You can make the following requests online: Apply for a Credit Card Apply for a Debit Card Order a new cheque book Stop cheque request Cheque status inquiry Intimation for loss of ATM Card Open Fixed Deposit Open a Recurring Deposit Apply for a Value Added Savings Account Apply for Phone Banking


How do you secure a check?

a cheque which is addressed as self by my friend which is at par can i draw it in any branch of ICICI branch


Can you transfer money from ICICI bank to SBI account without collection charge?

Yes, We can i need to transfer my money to icici to sbi account