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What is RECL?

RECL means reclaim. It is banking term. When you go to Bank ATM and fill any amount and it is not received by you but is deducted from your bank account. It is sure, you will feel shock to see the deduction in ATM receipt without receiving of that amount. At that time, if you send request of reclaiming and Bank returns same amount in your bank account by writing RECL. So, it means, it is your money which has been returned by bank.

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