Question

What does a pay-in-slip contain?

Answer 1

1. A pay-in-slip book contains a number of printed slips with perforated counter-foils.
2. This slip is to be filled in at the time of depositing cash and cheques.
3. The pay-in-slip contains information relating to the date of deposit, name of the depositor, the amount to be deposited, the name and number of bank account, the details of cash or cheque, etc.
4. After filling the pay-in-slip the depositor hands over the same to the bank clerk along with cash or cheques to be deposited.
5. The clerk checks up the details of the slip, signs, and stamps the counter foil.
6. The counter-foil is handed over to the depositor as evidence of the deposit.
7. The main slip is retained by the bank and used to credit the affected account.