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| 423.11.5 : BANKING DOCUMENTS |
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In this section, we will only take a close look at each of the main banking documents and discuss, through questions and exercises as to how to render them into an official language of India. |
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| 423.11.5.1 : BANKING DRAFTS |
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| Let us consider the nature of a Bank Draft first, and then try and answer the questions given later: |
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A Bank Draft is an order to pay money drawn by an office of a Bank upon another officer of the same Bank for a sum of money payable to order on demand. |
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| It must be - |
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1) |
a conditional order |
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2) |
by one branch to the other branch |
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3) |
order of a certain amount |
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4) |
payable to order |
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| A. MONOLINGUAL SPECIMEN OF A BANK DRAFT |
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The Bank of Rajasthan limited
University Branch
Bapurnagar, Jaipur |
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| No. B. 940410 |
29 th May 1994 |
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On demand pay to Commerce Ltd.
Bombay or order a sum of rupees
One hundred only value received |
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To |
The Bank of Rajasthan Ltd - Rs. 100 /- |
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Bombay - 2 |
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Not over Rs 100/- |
For the Bank of |
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Rajasthan Ltd. |
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Manager. |
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