What types of cheques can be presented through clearing system?

Modified on Mon, 30 Sep, 2019 at 4:10 PM

Local cheques: The cheques that are payable locally.
Outstation cheques: The cheques drawn on other banks at outside valley other than local clearing.
Cheques payable in Foreign Countries: The cheques are payable at foreign countries or drawn on foreign banks
Inward/outward cheques: Cheques which are drawn on our bank presented by other banks for realization (inward), Cheque drawn on other banks which are presented by our customers requesting for realization (outward).
Cheque Returned Unpaid: Cheques that are sent for realization to drawee bank which are returned unpaid to various reasons.