When a bank sends you an SMS saying, "Credits in account are subject to clearing," it means that the money or funds that have been deposited into your account are not immediately available for withdrawal or use. The bank is indicating that they need to process the transaction and ensure the funds are legitimate and available before you can access or use them.
The process of clearing typically involves the bank verifying the source of the funds, checking for potential fraud or insufficient funds, and completing any necessary internal processes before the money becomes fully available in your account.
The time it takes for the funds to clear can vary depending on the type of transaction, the bank's policies, and the source of the funds. In some cases, it may take a few hours, while in others, it might take a couple of business days.
It's essential to be aware of the clearing time, especially if you are expecting to use the funds immediately. If you try to withdraw or spend the money before it clears, you might face overdraft fees or other issues. It's always a good idea to confirm with your bank or check your account balance online to see when the funds will be fully available for your use.