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Is payee a person in whose favor cheque issued?
Yes.
What is known as cheque?
A cheque is a piece of paper which has details of your bank account. Which when signed by you is an agreement by you to pay the person on whose name the cheque is drawn the amount mentioned on the cheque. Cheques are very common and convenient means of payment used by banks.
Who is a paying banker?
The bank on which a cheque is drawn (the bank whose name is printed on the cheque) and which pays the amount for which the cheque is written and deducts that sum from the customer's account.
What is a banker's draft?
A banker's draft is a cheque whose drawer is also its drawee.
In whose name cheque should be written While doing rtgs?
yourself for RTGS
Difference between order cheque bearer cheque?
A person holding the cheque can collect the amount if it is a bearer cheque. The payee (i.e. the person in whose favour the cheque is issued) only or his authorized person only can collect the amount of the cheque if it is an order cheque
Is payee a person in whose favor cheque issued?
Yes.
What is known as cheque?
A cheque is a piece of paper which has details of your bank account. Which when signed by you is an agreement by you to pay the person on whose name the cheque is drawn the amount mentioned on the cheque. Cheques are very common and convenient means of payment used by banks.
Who is a paying banker?
The bank on which a cheque is drawn (the bank whose name is printed on the cheque) and which pays the amount for which the cheque is written and deducts that sum from the customer's account.
Can an insolvent person sign cheque?
An insolvent person is simpl someone whose liabilities far exceed their assets....they still controll the assets...like the money in a checking account.
What A person whose fault it is can be called?
culpable
What is a banker's draught?
A banker's draught is a cheque whose drawer is also its drawee.
What is a banker's draft?
A banker's draft is a cheque whose drawer is also its drawee.
In whose name cheque should be written While doing rtgs?
yourself for RTGS
How many months a cheque of uco bank is valid?
Currently in India (As of 2013), all cheques are valid for a period of 3 months only. This rule is irrespective of the bank whose cheque is being used. So, a UCO bank cheque, an ICICI Bank cheque and an HDFC Bank cheque, all of them are valid only for 3 months from the date of issue.
Cashing a cheque from a bank in someone elses name?
It is called Forgery. You are not supposed cash a checks that belongs to someone else. The affected party (The person whose check you cashed) can sue you legally and you can be jailed for committing this forgery. In short, you'll end up behind bars if you happen to do this.
A person whose job it is to conduct the business of a meeting is called?
climate
