It depends upon the mode of payment.
A. In case of payment through cheque, after clearance of cheque. The standard clearance
time is mentioned below:
- Transfer Cheque: deposited before clearing time: T days).
- Transfer Cheque deposited after clearing time: T+1 days).
- Other Cheque deposited before 1st clearing T+1 (working days).
- Other Cheque deposited after 1st clearing T+2 (working days).
B. In case of NEFT/RTGS on receipt of fund In case of using payment gateway, Instant