Deferred net settlement
A category of payments system in which banks continually send payment instructions over a period of time, with final transfer occurring at the end of the processing cycle. During the period, a record is kept of net debits and credits.
Originally written on
December 1, 2010
and last modified on
January 19, 2018.
| Related | |
|---|---|
harpreeet singh
May 25, 2014 at 11:18 pmRBI DOES IT FOR NEFT SETTLEMENT