Document Clearing Services
RBI approved services. Direct credit facility for amounts more than ₹50,000 crore with only 2.5% service charge
Available at over all in India. Working Days: 7 to 15 days. RBI / Clearing Agency Designated by RBI shall provide the settlement service by way of crediting the accounts of Destination banks.
Refers to the companies any other institution effecting bulk payments to a large number of beneficiaries. Refers to the bank which acts as the agent of beneficiaries to submit the documents. NCC (National Clearing Cell).
Additional services
Refers to the bank which acts as the agent of beneficiaries to submit the documents. NCC (National Clearing Cell). The input file received from the users would be validate first by the RBI, All files received duly encrypted would be subjected to an initial level of validation at NCC.
Some document clearing services may offer additional services such as document storage, retrieval, and ongoing support for future document needs.