Question

How the money transferred from one bank account to another bank account ? Explain with an example.


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Answer 1

$\bf\huge\bf\huge{\boxed{\bigstar{{ There \:are \:various \:type \:of \:Method}}}}$          

As in the modern era money can be transferred by various ways :  

$\bf\huge\bf\huge{\boxed{\bigstar{{Using\:Digital\:Method}}}}$          

★ At first I want to tell about money transfer using Paytm

★ Firstly log in paytm

★ Then Click on BHIM UPI

★ After that u can scan the code of another bank account or enter bank account number.

★ Then select valid amount  

★ After that click on Ok

Note this Method is 100% free and secure

Now using Cheque Method :-

★ If a person has to make payment to anyone then he or she will writes a specific amount.

★ Cheque is a form of instruction which gives instruction to Bank to pay specific amount

★ After that the person who wants money he/she will goto bank and deposit the cheque  

★ If the amount is greater then the bank will send a confirmation call to the Bank holder.

Note = If the Bank Holder sign blank cheque then it will cause Big problem

Answer 2

Hope it's help you......