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(Querist)
10 July 2009 Hi,

I need clarification on the following two terminologies used in banking:
1. Drafts sent on clearing
2. Drafts received on clearing

Please reply asap.


thanks & regards,
Sonia
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NITIN

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NITIN (Expert)
10 July 2009 Drft sent on clearing is nothing but depostion of draft in own account and dreaft received on clearing means received of draft for clearing by clearing house

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