Answer / neelam

Example
If we deposit a cheque of Rs. 2000 in bank on 06.02.2010
this is the Transaction date on which we deposited cheque
but the bank will pass our cheque on 08.02.2010 and
transfer Rs. 2000 in our account. this is the 08.02.2010
value date when bank can give value to our transaction.

Answer / suchita

Trasaction date is a trade date that means you are entering
any transaction.
& value date is settlement date

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