Banking is on of the basic facilities. Advice your younger sister the process of depositing money and withdrowing it from a seving bank account.
Answers
Answer:
The bank usually provides different types of accounts which can be opened in their bank , some of them namely : current a/c , savings a/c , fixed deposits a/c etc.
In current accounts , there is almost no restriction of withdrawal or deposits of any amount in the day . Usually businessmen has such accounts because they need cash very frequently. But , it should be noted that there is no interest given on cash deposits in such accounts unlike other accounts .
Thus , Current account enables us to deposit or withdraw money from our bank account anytime in a day . plastic cards can be the alternative answer as well .
Explanation:
Answer:
Deposit Procedure and Withdrawl Procedure Explanation. given below;
Explanation:
Deposit Procedure:
1.Ask for a deposit slip and fill up all the details, like, Date, Account Type, Account Number, Account Holder Name, Amount and sign on the deposit slip.
2.Remember to fill up all the details in the receipt attached to the deposit slip.
3.If the deposit is by cash, enter the denominations
4. If the deposit is by cheque, enter the bank details like the name of the bank, cheque number, address etc.
5.Hand over the deposit slip and the cash or the cheque to the concerned person in the bank.
6. Remember to collect the receipt (also called counter foil).
Withdrawal Procedure:
Fill out the details in a withdrawal slip. You basically have to give your account number, branch the amount and the denominations you want the money in. Give it to a teller and you will get your money