Economy, asked by Agnibesh3762, 1 year ago

What are the duties and responsibilities of paying collecting banker?

Answers

Answered by Amankumar2newton

Answer:

A collecting banker is one who undertakes tocollect the amount of a cheque for his customer from the paying banker. Incollecting a cheque, the banker can act in two capacities namely

(1) as a holder for value,

(2) as an agent for collection.

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