Banking instrument is a report ensuring the installment of a particular measure of cash, either on request or at a set time, with the player named on the archive.

1. INTRODUCTION TO
BANKING
INSTRUMENT

2. BANKING INSTRUMENTS ARE DEFINED AS
FOLLOWS:
 Banking instruments are checks, drafts, bills
of trade, credit notes and so on.
 It is a report ensuring the installment of a
particular measure of cash, either on
request or at a set time, with the player
named on the archive.
 These are the accompanying

4. Deposits or pay-in-slip
Cheques
Demand Drafts
Internet Banking
Mobile Banking
Core Banking Solution

5. DEPOSITS OR PAY-IN-SLIP
The deposits are made by filling up a
pay-in-slip. The form of the pay-in-slip
is:
It is used to deposit money in the bank
and returned to the depositor.
It has the signature of the cashier, as
receipt.

7. CHEQUES
A cheque is an unconditional
order on the bank made by the
client instructing the bank to pay a
certain sum of money to the
person named in the cheque or
his order or the bearer.
This instrument is very safe and
convenient method of making

8. DEMAND DRAFTS
 A demand draft (DD) is a negotiable bank
instrument similar to a bill of exchange.
 A bank issues a demand draft to a client
(drawer), directing another bank (drawee) or
one of its own branches to pay a certain
sum to the specified party (payee).
 The difference between a cheque and
demand draft is given below:

10.  Basis for Comparison Demand Draft Meaning Cheque
is a negotiable instrument which contains an order to
the bank, signed by the drawer, to pay a certain sum of
money to a specified person.
 Demand Draft is a negotiable instrument used for the
transfer of money from one place to another. Payment
Payable either to order or to bearer. Always payable to
order of a certain person. Issuance Cheque is issued
by an individual. Demand Draft is issued by a bank.
 Bank Charges No Yes Drawer Customer of the bank.
Client Parties Involved Three Parties- Drawer, Drawee,
Payee. Two Parties- Drawer, Payee. Dishonour Yes,
due to insufficient balance or other similar reasons. No

12. INTERNET BANKING:
 Web-based keeping money or the Internet
saving money is an electronic installment
system that empowers clients of a monetary
establishment to lead budgetary exchanges
on a site worked by the bank.
 Web-based saving money was initially
presented in the mid-1980s in New York.
 Four noteworthy banks—Citibank, Chase
Manhattan, Chemical and Manufacturers

13. MOBILE BANKING:
Portable keeping money alludes
to the utilization of a mobile phone
or another cell gadget to perform
the internet managing an account
errands.
Versatile managing an account
administrations are normally
constrained to an electronic

15. CORE BANKING SOLUTION:
 This is a procedure in which the data is put
away in a brought together server of the
bank, which is accessible to all system
branches.