Results for: Cheques

What is a cheque?

A cheque is a negotiable instrument that can be issued by one person to pay money to another person/entity. The person to whom the cheque is issued is entitled to receive the (MORE)

How do you write a cheque?

To do this you need a cheque book issued to YOU by YOUR bank. This will have preprinted cheques in it with your banks details and your name and account number printed on them. (MORE)
In Banking

What is cheque?

A cheque is a negotiable instrument that can be issued by one person to pay money to another person/entity. The person to whom the cheque is issued is entitled to receive the (MORE)
In Banking

Is At Par cheque a type of cheque?

At par cheque is a cheque on which no charge is deducted by the bank for crediting to your account, even if your account is in a branch that is in a different city from where (MORE)
In Banking

How are cheques and cheque books used?

What is a Cheque? A cheque is a negotiable instrument that can be issued by one person to pay money to another person/entity. The person to whom the cheque is issued is ent (MORE)
In Banking

Who is signing on cheque?

Usually it is the person who is issuing the cheque. In some cases, the person who receives the cheque is expected to sign on the backside for verification purposes
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In Banking

What is marking of cheque?

a person may not like to part with goods in return for a cheque from a party not well known to him.in such context the banker on whom the cheques is drawn may be asked by the (MORE)

What are unpresented cheques?

Unpresented cheques are cheques that were issued to a person but they were never deposited by that person for encashment with his bank. It was never paid. For ex: let's say yo (MORE)
In Banking

Does all the cheque are micr cheques?

MICR stands for Magnetic Ink Character Recognition. It is a system using which magnetic readers can easily identify the bank that issued the cheque and other details reg. the (MORE)