0
The process in which cheque details are captured by the payee bank (or its clearingagent) and electronically presented in an agreed format to the drawee bank (the bank on which it was drawn) for payment. Unlike the more common form of presentment where a cheque is physically presented to the drawee bank, a truncated cheque is stored by the payee bank.
What else can I help you with?
What is the meaning of Non Micr cheques?
Defination for NON-MICR CHEQUES
What is the meaning of a truncated object?
A truncated object is one that has been shortened or cut off at the end, typically to a specified length or size. This can apply to various objects or concepts, such as truncated cones in geometry or truncated files in computing.
What is a truncated graph?
A truncated graph has on of its axes cut off or "truncated"
What methods can be used to deposit cash and cheques to a business bank account?
By usin cheques,it can be a cross cheques or open cheques
What is inward check?
Inward clearing means the cheques received by the bank from other banks.These - Inward clearing - cheques are the cheques drawn by the bank/branchcustomerson their account in favour of other parties. On receipt of the inward clearing, the cheques arepostedto the various accounts on which they are drawn - meaning the accounts of the cheque issuer or drawer with the bank is debited tothe accountand the payment is made to the bankpresentingthe cheque.
What is the mathematical term for a football?
Truncated icosahedron Truncated icosahedron
Why cheques are not considered as part of money supply?
what is a cheques
What is the meaning if a cheque dishonoured by property not marked?
if "For______________" seal is not affixed for cheques issued in the accounts of legal entity.
How many sides does a truncated tetrahedron have?
A truncated Octahedron has 36 edges.
How many vertices's does a truncated cube have?
A truncated cube has 24 vertices.
How many faces does a truncated octahedron have?
A truncated octahedron has 14 faces.
How many corners has a truncated cube?
there are 24 vertices's in a truncated cube
