BANKING DIPLOMA EXAMINATION
Banking Diploma Courses in Bangladesh under The Institute of Bankers, Bangladesh (IBB)
Banking Diploma Courses in Bangladesh under The Institute of Bankers, Bangladesh (IBB)
Laws and Practice of Banking-JAIBB
Short Notes:CLEARING HOUSE:
Clearing House is a place where all the bankers of a town assemble to exchange cheques, drafts, bills etc.
drawn on each other. The old practice of receiving the payment of the cheque drawn on other banks was to send bank clerk with all such cheque and other instruments to collect the cash from various banks. Since this method was time-consuming and aweful, the Clearing House system was introduced where all the member bankers daily assemble to settle their drawings upon each other.
drawn on each other. The old practice of receiving the payment of the cheque drawn on other banks was to send bank clerk with all such cheque and other instruments to collect the cash from various banks. Since this method was time-consuming and aweful, the Clearing House system was introduced where all the member bankers daily assemble to settle their drawings upon each other.
