Question

Whowho are coolecting banker and paying banker explain with examples?

Answer 1

Paying bank

1.The banker on whom a cheque is drawn.

2. The banker who is required to pay the cheque drawn on him by a customer is called the paying banker or drawee bank 

Collecting bank 

1.A collecting banker is one who undertakes to collect the amount of a cheques & bills for his customer from the paying banker.

2. A banker is under no legal obligation to collectcheques drawn upon other banks for a customer. But this function is performed by every modern bank.