Question

Which of the following can not be used to withdraw cash from bank account *

ATM card

cheque

Demand draft

Withdrawal slip​

Answer 1

Answer:

This is the answer.

Explanation:

demand draft

Answer 2

(c) Demand Draft can not be used to withdraw cash from a bank account.

• An ATM card is a payment card that is used to withdraw money from ATM. It is issued by the bank where our bank account is maintained
• A cheque is a type of negotiable instrument which is drawn on a particular Bank specifying the name and the amount of money to be paid to the holder of such instrument
• A withdrawal slip is is a small form that is provided by the bank to fill in the details and withdraw a specific amount of money from the bank
• A demand draft is an instrument that is issued by the bank to the drawer.
• And when the demand draft gets matured the drawer can claim the money from the bank it does not require the signature of the drawing.
• Hence the correct answer is demand draft as it is used to transfer money from one bank to another rather than withdrawing money from the bank.