answersLogoWhite

0

What else can I help you with?

Continue Learning about Finance

How many days to deliver a loan cheque from sss to company using SSS on-line loan application?

Max is a month, but there are a lot of instances that it will be delivered 2 weeks after your employer certify your loan application


What is security cheque?

The cheque issued to drawee as security or surety, for using in case the drawer fails to meet the future obligations arising during course of business transactions. Such cheque is usually but not necessary; post dated cheque, blank as to date, blank as to amount, rarely blank as to drawee, but never blank as to signature.


Can two individuals with separate accounts have both of their names on a cheque without having a joint account?

Yes, two individuals can have both of their names on a cheque without having a joint account by using a "payable to order" cheque. This allows the cheque to be deposited into either person's account, even if they are not joint account holders.


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 cheque. Yes, all banks use MICR codes in their Cheques.


What does it cost to issue a check?

There are no major costs involved in issuing cheques. Most banks provide us cheque books free of cost and we can utilize them. But once we start using too many cheque leaves, the bank may opt to charge us a small amount like say Rs. 100/- per year of Rs. 50/- for every 100 cheque leaves etc. The charges may vary from bank to bank.

Related Questions

How many days to deliver a loan cheque from sss to company using SSS on-line loan application?

Max is a month, but there are a lot of instances that it will be delivered 2 weeks after your employer certify your loan application


What is check number?

A unique number using which any cheque can be tracked. The cheque number on any cheque issued by a single bank will always be unique


How do you cash a crossed cheque with no account?

You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.


Who is a drawer in a check?

the person making out a cheque and using it for payments


What is account payee check?

A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.


Application of mathematics in engineering field ppt?

When trying to deliver a complex topic to a large audience creating a power point presentation is useful. You can highlight the key topics of the application of mathematics in the engineering field using such a tool.


What is the process of clearing the cheque?

The process of clearing the cheque involves transfer of funds between banks using centralized check clearing houses.


When do you write a number in words rather than using digits?

a cheque


How do you realize the crossed check with out having any account?

You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque


How do podcasts deliver their content?

Podcast deliver the content using?


What does the company Eden City Group do?

Eden City Group is a real estate company. The company specializes in developing properties using the highest quality construction materials in order to deliver the best returns possible.


Sentence using the word consign?

To consign is to deliver something. The judge will consign his soul to the devil. The company will consign the goods to the market.