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A challan or bank challan is defined as an official document, form, or piece of paper used to credit money from one account to another. It is almost similar to the deposit slip available in the bank with which you can deposit money into someone's account in cash. However, in the deposit slip you need to enter the recipient's data and details while in the bank challan, they are already pre-filled.
The bank teller keeps the deposit slip along with the deposit (cash and cheques), and provides the depositor with a receipt. They can be filled in prior to attending the bank, making it more convenient when paying in. They also used when transporting of money. [1] [2] [3] Pay-in slips encourage the sorting of cash and coins, are filled in and signed by the person who deposited the money, and ...
An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increasingly popular due to the widespread use of the internet-based shopping and banking.
A demand draft ( DD) is a negotiable 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). [1] [2] A demand draft can also be compared to a cheque. However, demand drafts are difficult to ...
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. [1] The payment gateway may be provided by a bank to its customers, but can be provided by a specialised ...
Eastern Bank PLC. ( Bengali: ইস্টার্ন ব্যাংক পিএলসি) is a private commercial bank headquartered in Dhaka, Bangladesh. [1] [2] [3] It was established on August 8, 1992, as a public limited company with limited liability under the Bank Companies Act of 1991. Its share are listed in the Dhaka Stock Exchange and the Chittagong Stock Exchange. The bank ...
WeChat Pay, officially referred to as Weixin Pay ( Chinese: 微信支付; pinyin: Wēixìn Zhīfù) in China, is a mobile payment and digital wallet service by WeChat based in China that allows users to make mobile payments and online transactions. As of March 2016, WeChat Pay had over 300 million users. [1]
Immediate Payment Service ( IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. The service is available 24/7 throughout the year including bank holidays.