Drawer of cheque Meaning in Malayalam: Find the definition of Drawer of cheque in Malayalam, OneIndia Malayalam Dictionary offers the meaning of Drawer of cheque in Malayalam with synonyms, antonyms, adjective and more related words in Malayalam. Englishmalayalam.com – the largest and most trusted free online english malayalam dictionary. Find drawer translation meaning in malayalam with definition from english malayalam dictionary.
Definition of drawee: Entity that is expected to accept and pay a bill of exchange (check, draft, letter of credit, etc.) on presentation or on a certain date (called due date or maturity date). Drawee. A person or bank that is ordered by its depositor, a drawer, to withdraw money from an account to pay a designated sum to a person according to the terms of a check or a draft. How do you say ‘drawer’ in Malayalam? Here’s a list of words you may be looking for.
Know the meaning of Drawer word. On maxgyan you will get Drawer malayalam meaning, translation, definition and synonyms of Drawer with related words. A piece of furniture with a flat or sloped surface and typically with drawers, at which one can read, write, or do other work. Drawee is a legal and banking term used to describe the party that has been directed by the depositor to pay a certain sum of money to the person presenting the check or draft.
What Is Drawee? Definition And Meaning
English and Malayalam Meanings of Drawer with Transliteration, synonyms, definition, translation and audio pronunciation. The mark of quotation ( ) either points to a literal meaning, /. Cheque Truncation System (CTS) or Image-based Clearing System (ICS), in India, is a project undertaken by the Reserve Bank of India (RBI) in 2008, for faster clearing of cheques. The physical instrument is truncated at some point en route to the drawee branch and an electronic image of the cheque is sent to the drawee branch along with the relevant information like the MICR fields, date of presentation, presenting banks etc. Nepali dictionary Online – Meaning of drawer in nepali, What is meaning of drawer in nepali, define drawer in nepali, translation & definition of drawer in nepali. Behalf of the petitioner that the endorsement refer of drawer does not necessarily indicate insufficiency of funds alone. But in a draft both the drawer and the drawee are the same bank. Payment of a cheque can be stopped by the drawer of the cheque, whereas, the payment of a draft cannot be stopped.