Which of the following can not be used to withdraw cash from bank account *ATM cardchequeDemand - Brainly.in (2024)

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Which of the following can not be used to withdraw cash from bank account *ATM cardchequeDemand - Brainly.in? ›

Final answer:

(c) Demand Draft can not be used to withdraw cash from a bank account. A demand draft is an instrument that is issued by the bank to the drawer.

Use an ATM

If you have an ATM (Automated Teller Machine) card or debit card linked to your bank account you can visit an ATM to withdraw some cash.

The ATM withdrawal limit per day refers to the maximum cash you can withdraw from your bank account daily. The majority of the Indian banks' withdrawal limit per day ranges between Rs. 20,000 to Rs. 50,000 from an ATM.

An ATM is a machine that allows you to withdraw money, deposit cash or checks, view your balance or transfer money between accounts. Many ATMs are accessible around the clock and eliminate the need to see a bank teller for transactions.

Certificate Of Deposit (CD)

CDs have a fixed term, usually ranging from a few months to several years, and often lack liquidity compared to other savings accounts. You can't withdraw funds before the term without paying a penalty.

In India, you can withdraw cash by cheque only from a branch of the bank in which you have an account i.e. not from another bank's branch. Some banks allow you to withdraw cash by cheque from any of their branches anywhere in India, provided you have an account with that bank.

Final answer: A demand draft cannot be used to withdraw cash from a bank account.

A withdrawal slip is a bank document where the date, account number, and amount of money to be withdrawn from a bank are written. A withdrawal slip is a written request to the bank to pay the account holder the specified sum.

What can I withdraw from an ATM? ›

Daily withdrawal limits typically range from $300 to $5,000 with most limits falling between $500 and $3,000. Your individual daily withdrawal limit usually resets the following day. However,be aware that, in some cases, daily limits are determined by a 24-hour period instead of a calendar day.

What is an ATM card? ATMs or Automated Teller Machines are mostly used to withdraw cash. If a bank allows it, you can also make deposits into an account during and outside regular business banking hours. This card can only be used at ATMs and requires a PIN (Personal Identification Number).

If you use an ATM machine outside of your bank's network, the ATM owner isn't the only one that may charge you — your own bank may charge a fee. Some banks waive out-of-network fees, while others reimburse ATM fees charged by outside banks, usually up to a limit.

You can also check your account balances, pay bills, deposit up to $10,000 cash or cheques and withdraw up to $2,000 per day free-of-charge.

Take Money Out at an ATM

One of the quickest ways to withdraw money from a savings account is at an ATM. Depending on your bank, you can use your physical debit card or mobile wallet to access the funds in your account. Keep in mind there may be fees to take out money from a savings account at an out-of-network ATM.

Your Get Cash code can be used at the following branded cash machines: NatWest: NatWest, Royal Bank of Scotland (in Scotland) or Tesco ATM. Royal Bank of Scotland: Royal Bank of Scotland (in Scotland), NatWest or Tesco ATM. Isle of Man Bank: Isle of Man Bank, NatWest International, NatWest, Ulster Bank or Tesco ATM.

With locked savings accounts, the clue is in the name. They're a type of savings account that 'locks in' your cash, meaning you won't be able to access your money during the agreed term. In return, you'll usually earn a higher interest rate. A common form of locked savings accounts are fixed rate bonds.

Deposits of money, which cannot be withdrawn before the stipulated period of time, are called fixed deposits. Which of the above are the components of Reserve Money?

However, keep in mind that banking holidays, like Columbus Day and Veterans Day, are non-settlement days where the securities markets are open. While you can trade on these days, they are not included in the settlement period. In cash accounts, selling stock short and selling uncovered options are not permitted.