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Indian Clearing System – Introduction of new Return Reason 88

Indian Clearing System – Introduction of new Return Reason 88
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88 code for cheque return All check reason codes and reasons for return explained, like NSF, RTM, Stop Payment. Complete List of Returned Check Reason Codes: Why was my check returned? Why was the deposit returned? What does NSF mean? What do returned check messages mean? The U.S. Department of the Treasury publishes Check 21 Return Codes..

bong88 net l  There are several reasons why cheques may bounce or be returned. Some of the common reasons include incorrect dates, insufficient funds in the payer’s bank account, signature mismatches, discrepancies between the written and numerical amounts, and more. 1. Funds. 2. Reference to Drawer. 3. Signature. 4. Stop Payment by Drawer. 5.

fiv88 vin  Friday, August 23, 2013 Indian Clearing System – Introduction of new Return Reason 88 With the adoption of Uniform Holiday Calendar under Cheque Truncation System (CTS), a new Return Reason has been introduced. Under CTS, inward clearing is generally processed in a centralised manner by banks at the CTS location.