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The payment of a note, draft or cheque in cash money.

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Q: What is meaning of encashment?
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What about leave encashment if husband and wife both are government employee are they both eligible for the same?

if husband and wife both r govt employee they both can get the leave encashment


What is leave encashment?

Leave encashment is the amount payable for the employee's leave period, depending upon the leaves to his credit and his salary at the time of termination of employment or at the time of encashing his leaves.


When an employee send his application for retirement on an encashment basis but then after notification he wants to get leave prior to retirement instead of encashment is it possible?

This appears to be a question, and a situaton, that can only addressed by the employer' Human Resources Department. The retirement plans of employer's are usually not subject to the provisions of statute law. That being said: Unless his earlier choice has already set wheels in motion that cannot be stopped, it appears logical that the individuals encashment could simply be re-calculated and reduced by the amount of leave they took.


Is this a correct grammar I the undersigned hereby authorize Ms Lim to do the encashment of my SSS check?

This is a correct grammar. But it is no possible to cash someone else's SS check.


Is it possible that you can encash the SSS check of other person wherein he already give you the authorization letter to do the encashment?

No, it is not possible to encash an SSS check that belongs to another person even with an authorization letter. SSS checks can only be encashed by the rightful recipient whose name appears on the check, along with presenting valid identification.


Can you break NSC before the maturity period?

Premature encashment of the certificate is not permissible except at a discount in the case of death of the holder(s), forfeiture by a pledgee and when ordered by a court of law.


Sample letter of paid vacation leave encashment?

The sample letter should include your name and date of hire. You should also include how much paid vacation leave you are taking.


Can a check you wrote be cashed if you forgot to sign the check?

Not really. The institution where the cheque is presented for encashment should refuse it but if they don't notice it may get cashed. If you know it wasn't signed, however, you can have it recalled.


What are the functions of foreign exchange department in bank?

Foriegn Exchange department in a bank has following functions: EXPORTS * Pre-shipment Advances * Post-shipment Advances * Export Guarantees * Advising/Confirming Letter of Credit * Facilitating project exports * Bills for collection IMPORTS * Opening letters of credit * Advance bills * Import loans and guarantees. EXCHANGE DEALINGS * Rate computation * Nostro/Vostro Accounts * Forward contracts * Derivatives * Exchange position and cover operations REMITTANCES * Issue of DD, MT, TT etc. * Encashment of cheques, DD, MT, TT etc. * Issue and encashment of travelers' cheques * Sale and encashment of foreign currency notes * Non-resident deposits STATISTICS * Submission of returns * Collection of credit information


What is easy exit bonds?

Easy Exit Bonds are bonds which provides liquidity and easy exit route to the investor by way of redemption where investors can get ready encashment in case of need to withdraw before maturity.


What is bearer cheque?

Cross cheque means that it can only be paid into a bank account and cannot be paid in cash over the counter. A bearer cheque is made payable to the bearer i.e. it is payable to the person who presents it to the bank for encashment


What does it means if a check is rejected saying not drawn on us?

It primarily means that the Cheque has been presented to a wrong Branch of the Bank. For illustration :- It was supposed to be submitted on Branch "X", however, the same was presented for encashment at Branch"Y", therefore, the Branch "Y" will return the Cheque with a memo that the Cheque was notdrawn on us. It will not create any hurdle for the signatory of the Cheque as the same will be the mistake of the bearer of the Cheque, therefore, the same will not fall within the meaning of Bouncing Cheque.