How is money transferred from one bank account to another bank account explain with an example?
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Money can be transferred through Cheque
Money can also be transferred through NEFT NATIONAL ELECTRONIC FUND TRANSFER and Real Time Gross Settlement (RTGS)
Money can also be transferred through NEFT NATIONAL ELECTRONIC FUND TRANSFER and Real Time Gross Settlement (RTGS)
shakthi2102:
this is three mark question so I want a big answer
with example
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Answer + Explanation:
Money Transfer from one bank account to another bank account : If a person has to make a payment to his or her friend and writes a cheque for a specific amount, this means that the person instructs his bank to pay this amount to his friend. His friend takes this cheque and deposit it in his account in the bank.
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