Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q77: Since September 15, 2018, what specific detail must a bank incorporate on the face of a Demand Draft, Pay Order, or Banker's Cheque?

A
The mobile number of the purchaser.
B
The name of the purchaser.
C
The purpose of the remittance.
D
The Aadhaar number of the beneficiary.
✅ Correct Answer: B
The bank shall incorporate the name of the purchaser on the face of the demand draft, pay order, banker's cheque, etc.
This specific instrument rule is often asked in the IIBF AML KYC Exam 2026.