BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Balance Enquiry
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Cheque Book Issuance
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Mini Statement
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Cheque Status
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Detailed explanation-1: -2.2 Savings accounts do not include a cheque facility.
Detailed explanation-2: -Sale of post cards and postal stamps services are offered by post office. This service is not offered by commercial banks. Functions of commercial banks include-issuing bank drafts, depositing money and lockers for valuable items.
Detailed explanation-3: -As of now, non-CTS cheques cannot be presented in CTS. Bank have been advised to withdraw the non-CTS cheques from the customers. However, non-CTS cheques remain to be valid as a negotiable instrument.
Detailed explanation-4: -(i) Banks shall issue cheque books to customers, whenever a request is received, through a requisition slip which is part of the cheque book issued earlier. (ii) Banks are advised to provide minimum 25 cheque leaves every year, if requested, in savings bank account, free of charge.