Tag Archives | Credit Instruments of a Bank

Top 7 Credit Instruments of a Bank | Banking

This article throws light upon the top seven credit instruments of a bank. The instruments are: 1. Cheque 2. Hundi 3. Bank Draft 4. Bill of Exchange 5. Promissory Note 6. Trade Bills 7. Accommodation Bills. Credit Instrument # 1. Cheque: According to Section 6 of the Negotiable Instrument Act, 1881, "A cheque is a bill of exchange drawn upon [...]

By Vaishnavi N|2017-03-07T09:30:43+05:30March 7, 2017|Instruments|Comments Off

Credit Instruments of a Bank: 6 Forms | Banking

The common forms of credit instruments are: 1. Cheque 2. Bill of Exchange 3. Draft 4. Letter of Credit 5. Hundi 6. Promissory Note. Form # 1. Cheque: A cheque is written order addressed to a banker, signed by the person who has deposited money with the banker to pay an amount of money specified on the order to a [...]

By Nikhila C|2016-11-02T05:59:44+05:30November 2, 2016|Banking|Comments Off

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