……….is a place where inter bank claims arising on account of cheques received for collection by each bank drawn against other banks are settled.

Related MCQs

• Collection of cheques for the customer is a ……………… function of banks
• Collection of cheques for customer is a………….function of bank.
• A Bank is under a statutory obligations to honour its customer's cheques vide
• At what frequency can Banks pay interest on Saving Bank Account asper RBI guidelines
• Travelers cheques are issue by
• ………….. banks are those banks which are incorporated outside India and their head office are also situated outside India.
• Schedule banks are those banks which are included in the ………….
• ….banks are those banks which are incorporated outside India and their head offices are also situated outside India
• To which category of customers are banks prohibited to sanctionloans against shares and debentures?
• The recurring deposit account combine the characteristics of ……….and fixed deposit account.