Clearing house(rbi)..

This query is : Resolved 

26 October 2013 hi friends...am having doubt regarding clearing house...first I need to know what does clearing house do and how it works ?? please explain me guys...

27 October 2013 read this article on wikipedia. will give you an idea of how clearing houses work: https://en.wikipedia.org/wiki/Clearing_house_%28finance%29

For technicals read : https://www.rbi.org.in/scripts/PublicationsView.aspx?id=5168


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