If the cheque is deposited in same day clearing, client will receive unrealized credit by end of day or next day subject to receipt of bank collection file. Effective credit will be given based on the realization file of bank. (This depends on the RBI clearing)
Happy with the solution or Did not find what you were looking for?
Write to us faqfeedback@motilaloswal.com
Motilal Oswal Securities Limited © 2014