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BANKING Sujit Kumar Sharma  Jun 8 2021 10:33AM

What is ‘Availability Float’?

Madhu Kapoor  Jun 11 2021 11:09AM

What is ‘Availability Float’?

Availability Float is a time difference between deposits made, and the funds are actually available in the account. It is time to process a physical cheque into your account.
For example, you have $20,000 already in your account and a cheque of another $10,000 dollar is deposited in your account but your account will show balance of $20,000 instead of $30,000 till your $10,000 dollar cheque is cleared this processing time is known as availability float.

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