By Clg Del Accounts?

CLG in banking terms means clearing. ... It involves turning the promise of money, usually in the form of cheques, or electronic payment requests, into the actual transfer of funds from one bank account to another.

What is by CLG in bank statement?

Conclusion. Now, you are aware of the CLG Full form that is clearing. This term is usually used in banking statements or passbooks. It indicates that the cheque of another bank you have deposited to your bank has been cleared and the amount has been credited.

What is the meaning of MICR CLG CTS?

CTS is based on a cheque truncation or online image-based cheque clearing system where cheque images and magnetic ink character recognition (MICR) data are captured at the collecting bank branch and transmitted electronically. ...