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Blog Entry# 1058873
Posted: Apr 15 2014 (17:19)
7 Responses
Last Response: Apr 15 2014 (18:22)
7 Responses
Last Response: Apr 15 2014 (18:22)
Off Topic..But slightly urgent. Any Bankers here, need your valuable input.
I have deposited a cheque of SBI in my IDBI Acoount. The said cheque was deposited three or four days back. In my bank statement today a corresponding credit entry of that cheque is reflecting. However
Cleared Balance Available Balance & Effective Balance is not inclusive of that amount. The unclear Balance is is considering the amount.
I...
more...
I have deposited a cheque of SBI in my IDBI Acoount. The said cheque was deposited three or four days back. In my bank statement today a corresponding credit entry of that cheque is reflecting. However
Cleared Balance Available Balance & Effective Balance is not inclusive of that amount. The unclear Balance is is considering the amount.
I...
more...
6 Public Posts - Tue Apr 15, 2014
As Vishva Nath wrote above, generally banks credit amounts considered "small" (usually less than Rs 1 lakh) the day the cheque is processed by them but *before* it is sent to the drawee bank (in your case this is SBI) for signature verification, etc. One the drawee bank confirms end of day that are no issues, the amount is shown as "cleared" balance.
Please note that it is possible that an uncleared balance can be reversed if there are issues like insufficient funds, signature mismatch, etc.
If you do not know...
more...
Please note that it is possible that an uncleared balance can be reversed if there are issues like insufficient funds, signature mismatch, etc.
If you do not know...
more...