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Demand draft is covered under s. 85 A of the Negotiable Instruments Act, 1882 S. 85A. Drafts drawn by one branch of a bank on another payable to order .—Where any draft, that is an order to pay money, drawn by one office of a bank upon another office of the same bank for a sum of money payable to order on demand, purports to be indorsed by or on behalf of the payee, the bank is discharged by payment in due course.
Which of the following is the 8 digit code and extended upto 11 digits?
IFRS stands for _______
What is absorption time?
Which bank works as a Lead Bank in the district?
Consider the following statement with reference to the Special Drawing Rights(SDRs).
A) It is an international reserve asset created by the IM...
Maximum limit of SLR is
Which of the following rates signals the RBI’s long-term outlook on interest rates?
How many Banks were nationalized in the Second Phase of Nationalization of Banks?
The other name for SWIFT code is
Which of the following is true about the discounting of bill of banks?
I. Banks provide short-term finance by discounting bills, by making paymen...