Shridhar has an account with State Bank Of India, Ahmedabad. He needs to transfer Rs. 50000 to his
Uncle’s account with Punjab National Bank, Delhi.
a. Which are the ways the money can be transferred? Explain them.
b. If the amount is Rs. 350000, then which method of transfer of money is applicable?
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Answer:
we can use a check to transfer the amount of ₹50000
to transfer big amount of rupees ₹500000 he need to write a notice to the current bank
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