Clearing Process (With Explanation)

1. Cheque Receiving (with Formalities) by Cheque Clearing Receiver Officer. (Mr. Murad) 2. Cheque (making + Checking) by Maker Checker Dept. (Ms. Dilruba) 3. Other Banks Cheque send by XML/PBM (Presenting Bank Module) / BACH (Bangladesh Automated Clearing House) to BB for settlement By ACPU (Zia /Mahbub /Atiq /Belayet) 4. For Sameday Clearing Cheques: i. ii. iii. High valued Cheque should be sent within 11:30 am High valued Cheque return should be sent within 2:30 pm High valued Cheque settlement report 3:00 pm

5. Normal Value/ Regular cheques are made that very day of submission and checked and send to BB the next day for settlement. 6. The deposited voucher are credited on clients A/C / Clearing adjustment A/C; when it is not returned then these goes to the client A/C automatically after clearing process run and OBC are responded by IBC issuing by Dr, clearing adjustment A/C. 7. If the Cheque is returned, client A/C are debited before the clearing process is run 8. Normal clearing process is done by the morning of next day. 9. Quick clearing process is executed by marking Quick Clearing. 10. The Branches under the Dhaka Main ACPU Sent their cheques images to the D/M ACPU and D/M ACPU sent them to BB for settlement.

11. After settlement, Dm sent IBCA (Inter Br. Cre. Advice) against these amounts which is honored in the settlement of the respective br. And at the same time they also issue an IBDA (Inter Br. De. Advice) totaling the amount of all the IBCA of all the br. 12. ACPU issued 2 IBDA- one I against the amount of our Banks cheque paid from our br. By debiting G/L A/C and at the same time another IBDA against BEFTN (BD electronic Fund Transfer Network) by Dr. Head Office FAD. 13. Clients present some of BB cheque that are not presented by ACPU rather presented manually by Mr. Atik (BBs Manual Checker) in BB clearing House for settlement by entry in Nikash software. After the Nikash entry Mr. Atik Takes these cheques to BB and come back with settlement report. The cheque which is honored Cr. To the clients A/C and those which are not honored is returned by Dr. Clients A/C.