Which is not a valid document to withdraw the money from the
Bank?
a) Cheque b) Withdrawl form
c) Personal Identity Card d) ATM Card
Answers
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Personal Identity Card is 'not a valid document' to withdraw the money from the Bank'.
Answer: Option c)
Explanation:
The valid document to withdraw the money from the Bank:
Cheque:
A cheque is a written instruction to the bank (the drawee) to pay money to the account holder (the drawer) or to another person (the payee). Most cheques are order cheques.
Withdrawal form:
'Money can be withdrawn' from the bank by filling a withdrawal form prescribed by the bank. They are some conditions for withdrawing money.
1. The limited transaction can be made in a given time.
2. In case of additional withdrawal, some changes are levied.
3. Only a specific amount can be withdrawn at a time.
4. If money is to be drawn by withdrawal form passbook is a must.
ATM Card:
The first one is 'an ATM card' only, which allows card users to withdraw cash from ATM machines.