Banking Loan Clerk Question: Download Questions PDF
Tell us what is the difference between ‘Cheque’ and ‘Demand draft’?
Answer:
Both are used for the transfer of the amount between two accounts of same banks or different bank. ‘Cheque’ is issued by an individual who holds the account in a bank, while ‘Demand draft’ is issued by the bank on request, and will charge you for the service. Also, demand draft cannot be cancelled, while cheques can be cancelled once issued.
Download Banking Loan Clerk Interview Questions And Answers
PDF
| Previous Question | Next Question |
| Tell me what is Statutory Liquidity Ratio – SLR? | Tell me are you a reliable person with strong work ethics? |