Meaning
A Withdrawal Slip is a paper form used in banks to take out money from a savings or current account.
Definition
It includes details like account number, amount, signature, and ID proof for verification.
How It Works
The customer fills the slip, submits it with ID, and receives the cash from the teller.
Purpose
It serves as proof of cash withdrawal and ensures secure transactions.
Importance
- Required when ATM is not used
- Ensures safe and verified withdrawals
Author
