Vysya Banks new clearing facility
By Our Banking Bureau | 23 Mar 2002
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Bangalore: Vysya Bank has launched its 'city centralised' clearing process in Bangalore. Covering 40 of the bank's outlets in the city, the process provides customers 'anywhere, anytime' deposit of clearing instruments in the city.
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.
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.
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