Question

what is mean by clg rakes​

Answer 1

Answer:

When customer submit Cheques of another banks the transaction narrattion will come as CLG at the time of credit. ... It means clearing in terms of banking. When one cheque goes in bank then it goes for clearing if it does not belong to that bank.

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Answer 2

Answer:

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Clearing

Your bank, in turn, requests money from the other bank, usually via an intermediary, and thus funds are credited to your account, appearing as CLG in your account statements. CLG in banking terms means clearing.

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