We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>

Looking For Something at vustudents.ning.com? Click Here to Search


+ Link For Assignments, GDBs & Online Quizzes Solution


+ Link For Past Papers, Solved MCQs, Short Notes & More

Dear Students! Share your Assignments / GDBs / Quizzes files as you receive in your LMS, So it can be discussed/solved timely. Add Discussion

How to Add New Discussion in Study Group ? Step By Step Guide Click Here.

Mr. Ali is an illiterate person, and runs a whole-sale shop of garments at Azam Cloth Market, Lahore. Additionally, he maintains a current account with Bank Alfalah.

The business is purely cash based, and payments collected from the debtors are in form of cash which is deposited afterwards in his bank account, but this time around, one of his customers has handed him over a cheque drawn on Allied Bank. Now, Mr. Ali due to his limited banking knowledge is clueless as to how payment will be credited to his bank account.

Assuming that both banks are located in the same vicinity, you are required to discuss following points:

What will be the procedure involved if Mr. Ali deposits cheque (drawn on Allied Bank) in his account at Bank Alfalah? What will be the relationship between customer and banker in this specific transaction?

Which organization/entity will act as intermediary between the two banks, and facilitate/route the transaction?

What is the Turn-Around Time (TAT) for such transaction? Alternatively, how long will it take to credit funds in Mr. Ali’s account?

What will be the bank charges levied on customer’s account for such transaction?

need help

+ How to Follow the New Added Discussions at Your Mail Address?

+ How to Join Subject Study Groups & Get Helping Material?

+ How to become Top Reputation, Angels, Intellectual, Featured Members & Moderators?

+ VU Students Reserves The Right to Delete Your Profile, If?

See Your Saved Posts Timeline

Views: 275


+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

+ Click Here to Search (Looking For something at vustudents.ning.com?)

+ Click Here To Join (Our facebook study Group)

Replies to This Discussion

please koi idea share kar doooo. today last day

please give solution last hour start


Today Top Members 

© 2020   Created by +M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service