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Q.

What is Validity Period of Withdrawal Slip?

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1

3 Year

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My father used to fill up the withdrawal slip whenever he wanted to withdraw money but now he asks to use his ATM card to withdraw the amount. I do not know if that happens with you all or not but they say that they want to save paper and their time as well so for withdrawing at least a small amount one should use his or ATM card only. However, there came an old person that day to ask the officials what is validity period of withdrawal slip since he did not know how to fill it and asked his son to do it at home. I too wanted to know such details so stood there and noted everything he said. If you have the same query, let me answer it then.

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What is the validity period of withdrawal slip?

While filling up the withdrawal slip, you will notice that there is a column of date. You should give the exact date when you are planning to withdraw your money. If the date of withdrawal passes then the slip will get canceled but if you leave it blank and keep the slip at home then of course there is no validity allotted to the slip. 

Also note that you can draw any amount of money you want but try to withdraw at least Rs 20,000 plus or else you too will be asked to use an ATM card since it allows withdrawing Rs 20,000 per day.

  What is the difference between withdrawal slip and deposit slip?

The withdrawal slip will help you to take an amount of money out of your account and deposit slip acts as just the opposite. It helps you to deposit and amount to your bank account.

 

Hope this has helped you to understand what is

validity period of withdrawal slip.

  Read More:

How to cancel PF withdrawal request?

What is AEPS cash withdrawal?

 
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