Which of the following is called a ldquo banker 39 s cheque 39 ........

Indian Economy (Easy) Money and banking

Download Solution PDF

Which of the following is called a “banker's cheque'??

Demanddraft

Debitcard

Payorder

Fixeddeposit

छोटे Courses बड़े Results

Master Money and banking

Prepare through Micro-courses

Try Now

Explanation:

A banker's cheque is also called a bank cheque of pay order and a demand draft is also called a sight draft as money can be withdrawn only after seeing the draft. The former can be issued by either a customer or a non-customer of the bank whereas the latter can only be issued by a customer of the bank