Question

Describe the use of withdrawal form for operating savings bank account

Answer 1

Answer:

Explanation:

An account holder can himself withdraw money from his/ her Savings Bank Account through withdrawal form. The account holder should always carry his/her pass book at the time of withdrawal under this mode of operation.

This form is only valid for account holder who intend to receive the payments by himself/ herself.

A withdrawal form is a slip which is printed on a piece of paper that is used by the bank to allow the account holder to withdraw cash from his/her account. The account holder has to fill the slip which contains certain details relating to his/her account like date, name of customer, amount to be withdrawn in both words and figure and the signature of account holder etc.

Hope this helps.