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A cheque with amount 1 lac or more
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What is a sentence with check and cheque?
Please check that cheque for errors.
Why is a check called a kite?
It isn't. "Kiting a cheque" is slang for writing a bad cheque when there is no money in your account. A kite is made of paper and has nothing between it and the ground - a bad cheque is paper and has no money behind it - you can see the similarities that made people start using the term "kite" to mean "writing a bad cheque."
WHAT IS THE PLURAL FORM OF CHEQUE LEAF?
The plural form of the noun 'leaf' is leaves.The plural form of the noun phrase is cheque leaves.
Definition of cheque withdrawal form?
withdrawl form
How do you spell 1.6 million in English for cheque writing?
One million six hundred thousand pounds only. (the addition of only on a cheque means there is nothing after the figures as written).
What is high value?
A cheque with amount 1 lac or more
Is a cheque negotiable instrument?
No. A cheque is a non-negotiable monetary instrument. The value of the cheque cannot be modified or negotiated and hence the term non-negotiable. The amount filled up by the cheque issuer is the value of the cheque and it would not change.
What happen when a discounted cheque dishonoured?
cheque is returned to the party and amount of discounted value of cheque is debited in his account.
How do you write a cheque in letters?
You can not write out a cheque just in letters, the value of the cheque must also be written in numbers.
What is the value of a check?
A cheque can be written for any value.
In how many days high value cheque will be cleared?
It usually takes 2 working days. (Can be speeded up if you have contacts in the bank)
Is a cheque leaf valuable?
Yes it is. Its value is the number that is written out on the cheque leaf. If it is a blank cheque, it is as valuable as the amount of money in your bank account. Hence they must be maintained safely.
How long before a check that you have received becomes out of date?
Once you get a cheque, you should deposit it in the bank at the earliest. After a period of six months the cheque looses its value and a new cheque will have to be issued.
How is a cancelled Cheque accounted for?
A Cancelled Cheque is not accounted for anywhere. The cheque once cancelled loses all monetary value. It is just a worthless piece of paper that has no value. So no one usually keeps track of what happens to it. In other words no one keeps an account of it.
Types of cheques in India?
Based on the location cheques are classified as 1. Local & 2. Outstation cheques Based on its value they are classified as 1. Normal & 2. High Value cheques Cheques r mainly of four types 1)open 2)bearer 3)order 4)crossed 1) open cheques r those which r paid across the bank counter 2) bearer cheque are to be paid to the bearer of the cheque 3) order cheque is to be paid to the payee in person 4) crossed cheque to be paid to the payee's account on submission
What does non negotiable mean on a cheque?
It means that the value of the cheque is fixed and it cannot be negotiated or changed. The amount entered in the cheque is the exact amount anyone who deposits this cheque will get. Not a rupee more and not a rupee less. That is why Cheques are called non-negotiable instruments.
What is the definition of the word cashed?
The word cashed means that the value of something has been turned into cash. For example, if a cheque is cashed, the cheque has been handed over and the person now has the cash value of it in money.
