Questions

The regional rural bank is not allowed to trade in over-night borrowing market.Scheduled commercial banks (excluding RRBs), co-operative banks (other than Land Development Banks) and Primary Dealers (PDs), are permitted to participate in call/notice money market both as borrowers and lenders.Overnight borrowing market, also known as call market, generally involves borrowing and lending of funds for one day and generally takes place against government securities.

The parts of a check are :

1. Name & Address

2. Date

3. Pay to the order of

4. Written amount

5. Numeric amount box

6. For or Memo line 

7. Signature line

8. Check number

9. Account number

10. Bank name etc... 

Hence, the Memo line which describes the purpose of the check is of least important in all the parts of a check.

It passes through Ambala and Jalandhar