Cheque Codeline Clearing with Cheque Truncation (CCC) is the process of clearing cheques electronically whereby the physical movement of the cheque is stopped or truncated at the point of deposit. The captured image and MICR codeline data of the cheque is then used for the rest of the clearing process.
Normal Cheque Clearing: This is the default cheque clearing service whereby cheques are cleared within two days beginning from the day the cheque is deposited at the bank. Express Cheque Clearing: This is a premium service whereby cheques are cleared between 11am and 12 pm (on working days) and clients can receive their funds after the session ends as 2pm on the same day.
