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Inward clearing means the cheques received by the bank from other banks.

These - Inward clearing - cheques are the cheques drawn by the bank/branchcustomers

on their account in favour of other parties. On receipt of the inward clearing, the cheques areposted

to the various accounts on which they are drawn - meaning the accounts of the cheque issuer or drawer with the bank is debited tothe account

and the payment is made to the bankpresenting

the cheque.

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