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Q.

What is inward and outward clearing?

Asked by Ajay Babu, 09 Mar '09 09:28 pm
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Answers (2)

1.

Inward Clearing:
a. Validation of the customer account with Core Banking System(CBS)
b. Searching physical instruments for returning
c. Archival of all the physical instruments

Outward Clearing:
a. Management of physical instruments
b. Data entry in the CBS with physical instruments
c. Verification of the above
d. Creation of batches of physical instruments
Answered by Yogesh Kumar, 26 Nov '09 10:27 pm

 
  
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2.

Of what ?
Answered by prahlad desai, 09 Mar '09 09:29 pm

 
  
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