English

What is a Bank Draft?

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Question

What is a Bank Draft?

Short Answer
Very Short Answer
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Solution

A Bank draft is a cheque drawn by a bank on its own branch or some other bank. It is payable to the person named in it or to his order. It is payable on demand.

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Chapter 4: Banking - Latest Trends - QUESTION BANK [Page 104]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 4 Banking - Latest Trends
QUESTION BANK | Q 1. | Page 104
Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 14 Banking
QUESTION BANK | Q 1. | Page 258
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