drawee bank meaning in Hindi

Examples

1. The Court held that Burton's negotiation of the check in Washington, D . C . did not constitute conduct by Burton in St . Louis ( the site of the drawee bank ).
2. Starting in the mid-1990s, some countries started to change their laws to allow " truncation " : cheques would be imaged and a digital representation of the cheque would be transmitted to the drawee bank, and the original cheques were destroyed.
3. Before the introduction of this standard ( also known as 2-4-6 for current accounts and 2-6-6 for savings accounts ), the only way to know the " fate " of a cheque has been " Special Presentation ", which would normally involve a fee, where the drawee bank contacts the payee bank to see if the payee has that money at that time . " Special Presentation " needed to be stated at the time of depositing in the cheque.