Vysya Banks new clearing facility
Our Banking Bureau
23 March 2002
The clearing process allows customers to deposit local instruments for clearing/collection in their branch or in any of the bank's branches under the VysAmulya project. The facility also provides customers drop in boxes at any of the bank's VysAmulya or ATM centres in the city.
According to the bank, the clearing is so programmed that a customer's cheque deposited or dropped before 2.30 pm on weekdays (1.30 pm on Sundays) will hit the immediate next clearing - giving customers a whole day's advantage in their account being credited.