Caution

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Home Business Banking Remittance Inter-Bank Cheque Clearing

Inter-Bank Cheque Clearing

Inter-Bank Cheque Clearing or Cheque Truncation System (CTS) is an online system for interbank cheque transfer.

PRE-REQUISITE

Customers should have a Bank account with Bank of Bhutan.

PROCESS

  • Customers with other Banks cheque (BNBL, TBank, BDBL, DPNB) visits BoB Branch offices.
  • Customer presents the cheque/ Bankers Cheque to the designated counter.
  • The Counter official verifies the Cheque upon which it is scanned and uploaded in the CTS.

DEPOSIT TIME FRAME

If the cheque is deposited before 11.30 am on Weekdays, it will be credited the next working day.

CHEQUE RETURN CHARGES INTER BANK

aPresentment of chequeNo charge
b Cheque returned for insufficient funds Nu. 1,000 per cheque for each occurrence. After the third occurrence, the account holder will be barred from cheque facility for 3 years and remaining cheques should be surrendered.