Explain clearing house function of central …

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Explain clearing house function of central bank.

Posted by Simpi Yadav 6 years ago

CBSE > Class 12 > Economics

2 answers

? Sw@Stika Sharm@ !!??️ 5 years, 11 months ago

It means that all the transactions are taken care by the RBI . For eg if a bank A wants to withdraw rs20,000 from bank B and bank B wants to deposit rs 50,000 in bank A than this all the transaction are cared by RBI....

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Pranav Kruthik T K 6 years ago

The Central bank performs the function of clearing house. The cheques of two banks are cleared through their accounts with central bank. They avoid the transfer of cash. This reduces the requirement of cash reserves of the commercial banks.

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