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A cross cheque means, the cheque can be deposited in account only, while an open cheque means, the the bearer can withdraw cash. Cross cheque means cheque amount only paid to bank account open cheque cash withdrawal by parties
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A pay order, is a banker's or cashier's cheque. It is guaranteed to be paid by the bank and is the preferred method of payment for larger purchases such as cars and homes. A cheque is written directly on a customer's account and is not guaranteed by the bank.
In the case of a bearer cheque, the bank has to pay the person who is holding the cheque and presenting it for payment. In case of a crossed cheque, the bank will only credit the money into the persons bank account. They will not issue cash
Mulitcity cheque is more advanced than ordinary cheque as multicity cheque can be deposited and given to any where iin india and takes less time for clearacnes where as ordinary cheque takes more time and come to mother bank branch for clearances.
you spell it different
what is difference between a current account and a cheque account
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A cross cheque means, the cheque can be deposited in account only, while an open cheque means, the the bearer can withdraw cash. Cross cheque means cheque amount only paid to bank account open cheque cash withdrawal by parties
They both mean the same
None.
withdrawl form
The difference is just the spelling. they both mean the same...
I do know the difference. What is your question?
The difference between POS and ATM withdrawal is where the transaction takes place. A POS withdrawal is typically cash back at a point of sale at a retailer while an ATM withdrawal takes place at an ATM.
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