You can transfer money from your one account to another account by cheque. You have to simply draw a stating payee as your name along with the account number wherein you want to transfer the amount along with your signature.
It’s done immediately at a branch if the transfer is within your bank.
There is no limit if you want to transfer money from your a/c to another bank a/c, but if you want to withdraw a certain amount, there are restrictions.
- There are printed withdrawal forms available at the bank counters. This form has to be filled to withdraw money.
- The details like date of withdrawal, amount, account number and the signature has to be filled in it.
- The bank officer checks the balance in the account and verifies the signature.
- After which the payment is made at the counter if it is within a certain limit.