What does Regular Electronic Cheque Clearing mean?

Modified on Mon, 30 Sep, 2019 at 4:07 PM

Regular Electronic Cheque Clearing refers to the clearing of cheque up to NPR 200 million in case of NPR cheques and up to 2 million in case of USD, GBP and EUR Cheques from Sunday to Thursday. The session timings of regular electronic cheque clearing sessions are as follows:

 

Presented Start Time

Presented Cut-Off Time

Reply Cut-Off Time

Settlement Start Time

Regular Clearing

13:31 (T-1)

13:30 (T)

15:00 (T)

15:30 (T)

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