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प्रश्न
Bank draft cannot get dishonomed. Justify for or against.
थोडक्यात उत्तर
उत्तर
For:
- Prepaid Instrument: A bank draft is released only after the money has been taken from the drawer's account, guaranteeing that adequate funds are available.
- Bank Guarantee: The issuing bank guarantees the payment, making it extremely reliable and preventing dishonour.
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Bank Draft
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
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संबंधित प्रश्न
It is a banker's cheque.
A cheque can be ______.
A demand draft is preferable to a cheque. Justify either for or against.
What is a bank draft?
State one difference between cheque and bank draft.
Why is a bank draft a safe mode of money transfer?
Distinguish between a cheque and bill of exchange.
