Essay Examples on Schenectady County Community College

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Internal clearing different banks and Different Branches of Bank

Internal clearing different banks and different branches of bank likewise clear up the account by assert the instrument which are drawn by the other bank clients on different branches of bank In internal clearing different banks sent instrument to branch which is drawn on them There are couple of things required for built in into internal clearing a The cheques must be cross cheque or must be cross stamp on confronting side of the cheques b There should be clearing stamp on the front side of the instrument c The clearing stamp must have the date of each following working day d It should be confirmed before going into PC and after that the cheque is posted and drafted The methodology is similar for same day clearing and intercity clearing Account Department It manage exchange section Bank explanations client data about account everyday costs postage costs charges Debit credit ledger accounts and got mail from messenger and passed the passages in enroll for record This division likewise performs account check implies when the account opening structure originate from the client benefit office this specific office confirm that whether this shape is finished or not

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