Question

What Is 'cheque Discount'?

Answer 1

Answer:

Discounting of cheques enables our customers to access cash for their business needs while they await for the cheques to clear. A cheque is discounted to the maximum of 80%.

Answer 2

♥ Check discounting is a immediate funding facility afforded to a good customer of repute .

♥ But a banker will first deduct his discount and then only balance amount will be credited to the account of the depositor .

Hope it helps ✌

Shreya ❤