UBS

Challan

A challan or bank challan is an official document, form, or piece of paper that is used to credit money from one account to another via a form. It is similar to the deposit slip with which you can deposit money into someone’s account in cash or by online transfer. However, in the deposit slip you need to enter the recipient’s data while in the challan bank, they are already pre-filled.

The challan is generated by the merchant who already has the data of the recipient and the amount. E-challan can also be used for the same purpose as it is an electronic format of challan. An E-challan can also be defined as a specific format used to deposit or make the statutory contribution or payment to a bank.

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