Clearing in DOP Finacle:-
What is Clearing?
- When a customer presents the Non DOP cheque(Bank Cheque) at the counter then we have to send the cheque to clearing hose .
- A clearing house is from where all the Bank cheques will be received from the post office,then they will sort the cheques bank wise and the same will be sent to the respective banks for clearance.
- After clearance from the banks then the clearing house will intimate the same consolidating all the bank cheques along with the date of clearance to the respective post offices i..e., what we will call as Credit certificate in DOP terminology.
- Clearing in general will be of two types they are
- Inward Clearing.
- Outward Clearing.
1.Inward Clearing:-
- When the customers presents the DOP cheques in banks then those cheques will be sent from the clearing house to the respective post offices for clearance this is known as Inward Clearing.
2.Outward Clearing:-
- When the customers presents the NON DOP cheques i.e., bank cheques at the counter then we have to prepare a list of outward cheques and send them to the clearing house for clearing this is known as Outward Clearing.
Process of Inward Clearing in DOP Finacle:-
- For inward clearing step by step procedure in DOP Finacle Click here.
Process of Outward Clearing in DOP Finacle:-
- For outward clearing step by step procedure in DOP Finacle Click here.
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