What js E cheque ? And what is the time for its clearance

Question

Accepted Answer

An e-cheque is an electronic version of a paper cheque that is used for making payments online.

E-cheques are created and signed digitally, eliminating the need for physical paper.
They are typically used for online transactions and can be deposited into a bank account electronically.
The clearance time for e-cheques varies depending on the bank and the specific transaction.
It can take anywhere from a few hours to several business days for an e-cheque to clear.
During the clearance process, the bank verifies the authenticity of the e-cheque and ensures sufficient funds are available.

Accepted Answer

funds are verified within 24 to 48 hours of the transaction being initiated

Accepted Answer

funds are verified within 24 to 48 hours of the transaction being initiated

Accepted Answer

funds are verified within 24 to 48 hours of the transaction being initiated

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