How long does it take for the amount received to be settled to my bank account?

The settlement period varies based on the payment mode selected by the customer.

  • The settlement will be made on the same day for transactions done by Cash, Transfer Cheque, NEFT, RTGS, Internet Banking (ICICI Bank), Debit Cards(ICICI Bank).
  • It takes Payment Date(T) + 1 day for transactions done by Net Banking (Non ICICI Bank), Debit Card (Non ICICI Bank), Credit Card (ICICI and Non ICICI Bank).
  • It takes Payment Date(T) + 2 days for Clearing Cheques to be settled.
Was this document helpful?
Yes
No
Thank you for your feedback!
Want a feature?
Suggest


Switch to smart accounting software. Switch to Zoho Books.   Start my free 14-day trial

Books

VAT compliant accounting
software for small
businesses.