The Protection of Paying Banker (2024)

Frequently asked questions

Get answers to the most common queries related to the BANK Examination Preparation.

Who is a paying banker?

Answer: The banker who pays by cheque to the customer or the order of the customer is known as the paying banker. Th...Read full

What are the safety precautions taken by the paying banker while honouring cheques?

Answer: The safety measures include checking for crossed cheques, open cheques, the cheque is in the proper form, pr...Read full

Who is a collecting banker?

Answer: The collecting banker only collects the cheques, drafts, pay orders, bills, debenture interest, letter of cr...Read full

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