Question

Write short note on the following.

Contents of withdrawal slip

Answer 1

A withdrawal slip or cheque can be used to withdraw a certain amount of money from a bank. It enables the account holder to withdraw money from his/her savings account. It is a bearer document that entitles the holder of the withdrawal slip or cheque to payment.

Contents of a withdrawal slip are:
a. Date
b. Account number
c. Name of the account holder
d. Amount to be withdrawn
e. Name of the bank and branch
f. Signature of the account holder