{"id":1156,"date":"2021-03-22T23:58:32","date_gmt":"2021-03-22T23:58:32","guid":{"rendered":"http:\/\/responsivewebidea.com\/tdf\/hmb_wp\/?page_id=1156"},"modified":"2024-02-19T08:32:47","modified_gmt":"2024-02-19T08:32:47","slug":"cut-off-timing-outward-clearing","status":"publish","type":"page","link":"https:\/\/www.habibmetro.com\/sirat\/branch-information\/cut-off-timing-outward-clearing\/","title":{"rendered":"Cut off Timing Outward Clearing"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n

Timing for processing of different types\/sessions of outward clearing<\/h4>\n

1<\/strong>. Following is the Cut-off time for presentation of instrument for different types of Outward Clearing along with time for availability of funds in payee\u2019s account:<\/p>\n\n\n\n\n\n\n\n
Clearing Types\/Sessions<\/th>\nCollection of Instruments (T*+0)<\/th>\nCredit in Payee\u2019s Account<\/th>\n<\/tr>\n<\/thead>\n
Same Day<\/td>\n10:30am<\/td>\n\u00a0 \u00a0T+0 (Before closing of business hours)<\/td>\n<\/tr>\n
Overnight<\/td>\n12:00pm<\/td>\nT+1 (Before closing of business hours)<\/td>\n<\/tr>\n
Intercity<\/td>\n12:00pm<\/td>\nT+1 (Before closing of business hours)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

T- means the business day on which the payment instrument is lodged for clearing.<\/p>\n

Outward clearing instruments which are received within above defined cut-off timelines will be processed on the same working day. Instruments which are deposited after cut-off timelines will be processed on next working day.<\/p>\n

2<\/strong>. Customers can contact Branch Manager\/Customer Services Manager to get information about their rights, responsibilities and liabilities.<\/p>\n

3<\/strong>. Customers can get the idea of updated policies\/ procedures related to Clearing Operations from Branch Managers\/Customer Services Manager.<\/p>\n

4<\/strong>. Customers can get the idea of branches which are authorized for different clearing types by visiting our website www.habibmetro.com<\/p>\n

5<\/strong>. Following is the criteria for lodgment of instruments for Same Day Clearing:<\/p>\n\n\n\n\n\n\n
i<\/strong><\/td>\nInstrument Type<\/td>\nAll Instruments issued in PKR<\/td>\n<\/tr>\n
ii<\/strong><\/td>\nDrawn on Bank<\/td>\nSame day clearing member bank\u2019s branch<\/td>\n<\/tr>\n
iii<\/strong><\/td>\nAmount of Instrument<\/td>\nEqual and greater than PKR 100,000\/-<\/td>\n<\/tr>\n
iv<\/strong><\/td>\nInstrument Received (Timing)<\/td>\nTill 9:30am daily<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_column_text] Timing for processing of different types\/sessions of outward clearing 1. 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