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A deposit slip or a pay-in-slip is a form supplied by a bank for a depositor to fill out, designed to document in categories the items included in the deposit transaction when physically depositing at a bank. The categories include type of item, and if it is a cheque or cash and which bank it is from, such as a local bank or not.
A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee). [1] [2] A demand draft can also be compared to a cheque. However, demand drafts are difficult to countermand or revoke. Cheques can also be made payable to the bearer.
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Requisition may refer to: Purchase requisition, a document issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services;
A banker's acceptance is a document issued by a bank institution that represents a bank's commitment to make a requested future payment. The request will typically specify the payee, the amount, and the date on which it is eligible for payment. After acceptance, the request becomes an unconditional liability of the bank.
As per the definition on the UBS Management firm website: [8] A challan or bank challan is defined as an official document, form, or piece of paper used to credit money from one account to another. It is almost similar to the deposit slip available in the bank with which you can deposit money into someone's account in cash.
A banker's draft (also called a bank cheque, bank draft in Canada or, in the US, a teller's check) is a cheque (or check) provided to a customer of a bank or acquired from a bank for remittance purposes, that is drawn by the bank, and drawn on another bank or payable through or at a bank. [1] In Canada, the term "bank draft" includes both this ...