The document containing the guarantee of a bank to honor drafts drawn on it by an exporter is

In case of ECS Credit, there is ___ debit and ____ credit.

Assertion: Commission or income earned on selling other companies products is emerging as a new source of revenue for many banks.

Reason: Banks just earns commission by selling the insurance policies.

A company purchases a machine on credit basis with terms of payment being 6 equal instalments. This is an example of which type of guarantee

Banks charges ___ for the issuance of Demand Draft.

A Bank Guarantee is ______ credit facility.

If there are wrong signatures on the Bank Draft, the _____ is liable.

When a customer gives a sealed box to the bank for safe keeping, the customer became the _____, and the bank becomes the _____.

The bank will, in no way, be responsible / liable for the contents kept in the locker by the hirer as

Why are pay-in-slips used in Banks?