Question

which of the following services of bank format withdrawal of money more than the balance in the account?​

Answer 1

Answer:

☰

Savings Account

Depositing money

Withdrawing money

Using cheques

Depositing money using a cheque

Withdrawing money through cheques

Pass-book: Keeping track of your money

Debit cards

Features of a bank account

Now pay Rs 20 for more than 3 ATM uses at SBI, HDFC Bank, Axis

A savings account in a bank allows you to deposit and withdraw money any time you want. The money is not only kept safe in a bank, you also earn interest on it. To open a savings account, all you need to do is approach your local bank with proof of identity (such as your PAN card, ration card, passport, voter ID card, etc.) and proof of residence (such as your electricity or telephone bill, your ration card, etc.) and two photographs. After filling in a form and signing at the right places, you will receive a number - which is called your “savings bank account number” and you have successfully opened a savings account.

Depositing moneyAny time you would like to keep more money with the bank, or deposit money into your account –- it gets added to your account. You can deposit the money by filling in something called a “deposit slip”. It asks for information like your name, the date, your account number, the amount of money that you are depositing, etc. The first time you fill in a deposit slip, you can ask a bank employee to help you. They will be happy to show you how it is to be done.

Withdrawing moneyNaturally, when you take money out of your account, or withdraw money from your account - it gets deducted from your account balance. To withdraw money from your account, you need to fill in a “Withdrawal slip”. Like a Deposit slip, a Withdrawal slip also asks for similar information – your name, account number, amount that you wish to withdraw, date, etc.

Using chequesYou can also deposit and withdraw money out of your account using cheques. The benefit of using a cheque to pay or receive money is that if the amount is large, you don’t have to worry about it getting lost or robbed while it changes hands. Even if you lose the cheque, your money will be safe if you have taken care to write the cheque in the correct manner. Following is the correct way to deposit money through a cheque:

Depositing money using a cheque