Question

what is bank draft?​

Answer 1

Answer:

bank draft:

a cheque drawn by a bank on its

own funds.

Explanation is:

A banker's draft, also known as a banker's cheque, is like asking a bank to write a cheque for you. You give them your money and they give you a cheque for that amount to give to the person you're paying. For this reason, they do not bounce because of a lack of funds.

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Answer 2

A cheque which is drawn by a bank on its own funds.

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