Question

Difference between flot balance and shadow balance

Answer 1

Answer:

I don't know the answer to the questions.

Answer 2

Answer:

Floating Balance: Cheque cleared by your bank passed for clearing by clearing house

Funds in for clearing: Represented in Payee’s bank for clearing

anyways this all is changing and will change very fast, Clearing houses are getting abolished and transaction is directly done between banks, RBI (acts are clearing house) but is only a record keeper