apart from checks people can also exchange money through Bank draughts or online transaction etc .find out more about the different modes of exchange
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Banks issue Demand Drafts, Banker's Cheques, Money Orders etc. for transferring the money. Banks also have the facility of quick transfer of money also know as Telegraphic Transfer. Nowadays online transactions like RTGS and NEFT is more popular as it is an online transaction that consumes less time and is quick.
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