BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Three months
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Six months
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One year
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No limit are valid till encashed
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Detailed explanation-1: -No expiring date–permanently valid: the traveler’s cheque is permanently valid without expiring date. If once purchasing is not used up, the remaining can be used when departing the country next time.
Detailed explanation-2: -The Foreign Currency Travellers Cheques are accepted worldwide in over 400, 000 locations spread across 200 countries. They can either be encashed or used at Exchange bureaus, Banks, Hotels Shops, Restaurants and other establishments, thereby making your travel smooth and hassle free.
Detailed explanation-3: -Traveler’s checks are accepted at participating merchants like hotels, restaurants and stores. Just keep in mind that there may be fewer participating merchants than there used to be. The checks are generally available in set denominations-$25 and $50, for example.
Detailed explanation-4: -How do I cash Travelers Cheques? Simply present the Cheque at the exchange or merchant location. Make sure the acceptor watches while you countersign the Cheque on the lower signature line. Photo identification may be required.