KnowledgeBoat Logo
|

Commercial Applications

What does a pay-in-slip contain?

Banking

2 Likes

Answer

A pay-in-slip is filled in at the time of depositing cash and cheques into a bank account. It contains the following information:

  1. The date of deposit.
  2. The name of the depositor.
  3. The amount to be deposited (in figures and in words).
  4. The name and number of the bank account into which the amount is to be credited.
  5. The details of cash (denomination-wise) or details of the cheque (cheque number, bank, branch).
  6. Signature of the depositor.
  7. The counter-foil (which is stamped and returned to the depositor as evidence of deposit).

Answered By

1 Like


Related Questions