I hold a current account in the gandhipuram branch, coimbatore, tamil nadu.
So they have a clearing time of 1 pm and 4 pm from the cheque drop box which is only located inside bank branches, which are open only between 10 and 6. The cheques of the day taken are processed only once a day at 4 pm from the box, then are noted down and the next day someone collects the cheques and are processed. It is only on the third day, that the cheques are cleared that too only by 6pm. This proves a major hassle for the business, in the 21st century, where transfers happen in a matter of seconds, cheques take 3 working days. Was this information helpful? |
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