Cheque Clearing

General Purpose

Cheque clearing is a fundamental process that enables the movement of funds from one bank account to another to complete a payment made through a cheque. 

Features and Benefits

  • Efficient, secure and widely accepted fund transfer method 
  • Smooth payment settlement across local banks 
  • Short timeframe for the entire clearing process 


NRC Card (or) Passport 


  • Original cheque-issuers must have sufficient cash balance in their bank accounts. 

Service Fees and charges

Transition Net fee – 300MMK per transaction 

(For both inward and outward)