| Author: Jayanta Datta Choudhury 16 Jan 2011 Member Level: Gold Points : 2 (Rs 1) Voting Score: 0 |
Hi,
The process of check clearance is to transfer money among banks in order to settle the accounts of checks from one bank to another bank. In banking activity check clearance is facilitated by Central Clearing houses. Generally banks do not charge any extra amount in check clearing process.
You can verify the account status in banks where you will find the full amount has been transferred as written in the check.
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