What is CLG Full Form in Banking? CLG Meaning Printed on Bank Passbook/Bank Statement

CLG Full Form in Banking, CLG Full Form in Banking in Hindi: When you review your passbook or bank statements, you may have seen the abbreviation ‘CLG’ next to deposits made to your bank account via checks. For example, suppose someone gives you a check as payment for something they purchased from you. You can deposit the checks, regardless of whether they are from the same bank or not, into your account at your bank.

Your bank will then initiate a request to the other bank, usually through an intermediary, to obtain the funds. As a result, the funds will be credited to your account, and you will see this transaction reflected as ‘CLG’ in your account statements. In the financial world, ‘CLG’ stands for clearing. In the scenario described above, the person who gave you the check promised to complete a transaction, and the banks worked together to settle that transaction.

CLG Meaning Printed on Bank Passbook/Bank Statement

clg full form in banking

This entire process is known as clearing. It involves converting the promise of money, often through checks or electronic payment requests, into the actual transfer of funds from one bank account to another. The use of checks as a means of monetary exchange has been around since the 1600s in England.

The traditional system initially involved bank clerks physically moving checks after business hours. These clerks were responsible for keeping track of the money owed to their banks and the amounts their banks owed to other banks. This system underwent various changes and improvements until the mid-nineteenth century.

CLG Full Form in Banking in Hindi

जब आप अपनी पासबुक या बैंक विवरण की समीक्षा करते हैं, तो आपने चेक के माध्यम से अपने बैंक खाते में जमा राशि के आगे संक्षिप्त नाम ‘सीएलजी’ देखा होगा। उदाहरण के लिए, मान लीजिए कि कोई व्यक्ति आपसे खरीदी गई किसी चीज़ के भुगतान के रूप में आपको एक चेक देता है। आप चेक अपने बैंक में अपने खाते में जमा कर सकते हैं, भले ही वे एक ही बैंक के हों या नहीं।

फिर आपका बैंक धन प्राप्त करने के लिए, आमतौर पर एक मध्यस्थ के माध्यम से, दूसरे बैंक से अनुरोध करेगा। परिणामस्वरूप, धनराशि आपके खाते में जमा कर दी जाएगी, और आप इस लेनदेन को अपने खाते के विवरण में ‘सीएलजी’ के रूप में प्रतिबिंबित देखेंगे। वित्तीय दुनिया में, ‘सीएलजी’ का अर्थ समाशोधन है। ऊपर वर्णित परिदृश्य में, जिस व्यक्ति ने आपको चेक दिया था, उसने एक लेनदेन पूरा करने का वादा किया था, और बैंकों ने उस लेनदेन को निपटाने के लिए मिलकर काम किया।

Leave a Comment