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Exciton dynamics o perovskite nanoclusters has been investigated or the rst time using emtosecond transient absorption (TA) and time-resolved photoluminescence (TRPL) spectroscopy. The TA results show two photoinduced absorption signals at 420 and 461 nm and a photoinduced bleach (PB) signal at 448 nm. The analysis o the PB recovery kinetic decay and kinetic model uncovered multiple processes contributing to electron−hole recombination. The ast component (∼8 ps) is attributed to vibrational relaxation within the initial excited state, and the medium component (∼60 ps) is attributed to shallow carrier trapping. The slow component is attributed to deep carrier trapping rom the initial conduction band edge (∼666 ps) and the shallow trap state (∼40 ps). The TRPL reveals longer time dynamics, with modeled lietimes o 6.6 and 93 ns attributed to recombination through the deep trap state and direct band edge recombination, respectively. The signicant role o exciton trapping processes in the dynamics indicates that these highly conned nanoclusters have deect-rich suraces.