In India, the time taken to clear a cheque generally depends on whether it is a local or outstation cheque. Local cheques are typically cleared within 2 to 3 working days. With the implementation of the Cheque Truncation System (CTS), the process has become faster, as physical movement of cheques is no longer required. For outstation cheques, the clearing process may take between 7 to 10 working days. Factors such as bank holidays, clearing house location, and the specific policies of the banks involved can also influence the total time taken for the funds to be credited to your account.
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