what is a pay in a slip?
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Answered by
83
Pay-in slips encourage the sorting of cash and coins, are filled in and signed by the person who deposited the money, and some tear off from a record that is also filled in by the depositor.[4][5] Deposit slips are also called deposit tickets and come in a variety of designs. They are signed by the depositor if the depositor is cashing some of the accompanying check and depositing the rest.[6][7]
Answered by
88
Deposits can be made in a particular bank account by using a pay in slip. The pay in slip is used for depositing cheques as well as cash into your bank account. The pay in slip contains the information of your bank account and is an instruction to the bank to deposit the money into your bank account.
The pay in slip normally contains the
Name of the account holder
Bank account number
Bank branch number
Date of deposit
Amount to be deposited in words and figures
Signature of the depositor to deposit money
denominations of the currency
Details of the cheque which are to be deposited
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