In which among the following accounts, no cheque book is issued?
In which among the following accounts, no cheque book is issued?
[A]Minor Account
[B]Joint Account
[C]Illiterate Account
[D]Non Resident Account
Illiterate Account
Illiterate accounts are opened on discretion of the banks if the person personally goes to the bank along with a witness already known to the bank and the depositor. No cheque books are issued for such accounts. Any withdrawal is done by a thumb impression of the depositor in presence of the bank officer who is able to verify the identity
Originally written on
May 30, 2015
and last modified on
May 30, 2015.