How long does it take for an outstation cheque to clear?

It takes a long time to get the outstation cheque to clear. In fact, to be precise it takes around 3-weeks for such types of cheques to clear. So, if you are residing in another state, and have to receive funds from another state, it is advised not to take such cheques, unless they are payable at par across the cities.

How long do cheques take to clear these days?

You’ll normally need to wait 1 working day after the day you pay the cheque in for it to clear, so if you pay a cheque in on Monday (before 3.30pm) it will usually clear by Tuesday.

What does it mean outstation cheque?

​a cheque from a bank account in one place that is exchanged for money in another city, state, etc.

What are outstation cheques?

According to the revised schedule, in case of outstation cheques up to Rs 5,000, the service charge has been halved to Rs 25. For amounts between Rs 5,001 and Rs 10,000, the levy has been retained at Rs 50. For cheques between Rs 10,001 and Rs 1 lakh, the charge remains unchanged at Rs 100.

Do cheques still take 3 days to clear?

How many days does it take to clear an outstation cheque in HDFC?

If someone issues you a cheque, you can deposit it in your HDFC Bank account, and the money will be credited after the cheque is cleared (usually 2-3 working days).

How long does it take for a cheque to clear in Malaysia?

Generally, local cheques would be cleared within 2-3 working days. The clearing period for outstation cheques may take 3-8 working days. However, you are advised to check with your bank as to the actual date the funds will be available.

What is STMT charges in HDFC?

Enclosed below are HDFC Bank Premium Salary Account fees and charges

How is a cheque cleared?

Under CTS, physical cheques are retained at the presenting bank and don’t move to the paying banks. Instead, an electronic image of the cheque is transmitted to the paying branch through the clearing house along with relevant information like data on the MICR band, presentation date and presenting bank.

How can I check my cheque status?

To enquire cheque status:

1. Click Enquires > Cheque Status. The Cheque Status page appears.
2. Select the account for which you wish to verify cheque status.
3. Select the single cheque option to verify status of a single cheque.
4. Enter the cheque number(s).
5. Click [Enquire].

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