There are three parties to a bank draft: | Faculties

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Mr. Dubey

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📊 Banking and Insurance

Q. There are three parties to a bank draft:

(A) The drawer bank branch, The drawee bank branch, The payee
(B) The drawee bank branch, the payee, the purchaser of the draft
(C) The payee, the purchaser of the draft, the drawer bank branch
(D) The drawer bank branch, the drawee bank branch, the purchaser of the draft

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✅ Correct Answer: (A) The drawer bank branch, The drawee bank branch, The payee

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