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traveler's check is a preprinted, fixed-amount cheque designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.

They were generally used by people on vacation instead of cash as many businesses used to accept traveller's cheques as currency. Their use has been in decline since the 1990s as alternatives, such as credit cards, debit cards, and automated teller machines became more widely available and were easier and more convenient for travelers.

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Which cheque works just like a currency note?

Currency notes are promissory notes payable to the bearer on demand.section 31 of RBI ACT provides that no one other than RBI or Central Govt. Can issue a promissory note or bill of exchange payable to bearer on demand...hence no cheque works just as a currency note.


Which one is correct cheque leaf or cheque leaves?

Both are correct. If a single cheque is used it is called a cheque leaf. If a number of Cheques are used, collectively they are called cheque leaves or a cheque book or a booklet of Cheques. They all refer to one and the same. The difference is just the number of Cheques under consideration.


Can I pay old notes into my bank accounts?

All valid paper currency will be accepted by a bank, regardless of age. The bank will consider paper currency invalid if it is counterfeit, been declared invalid by the government (this has been done in some countries for old currency when redefining their entire money system), the government that issued the paper currency no longer exists (e.g. Confederate States of America), it is privately printed paper currency and the bank is outside the jurisdiction of the private agency that printed it (e.g. currency printed by a town for local use only, company scrip to pay employees of that company and valid at company operated stores and banks only), etc. But even severely damaged valid paper currency will be considered valid by a bank following an inspection to determine how much is actually present, even if no intact notes still exist (e.g. a bundle of bills was burned leaving just the lower left corners of the bills identifiable).


Can you withdrawl money from any branch of sbi?

Yes - If you have your bank passbook and cheque book (or just the cheque book) you can withdraw money from any branch of SBI. If you don't have these, then the bank would not accept your request for money withdrawal. If you have only your passbook, you can try but the bank is mandated to accept your request.


When a cheque status is carved what does that mean?

Oh, dude, when a check status is "carved," it means someone got really creative with their banking and decided to turn their check into a work of art! Just kidding. In reality, if a check status is "carved," it probably means it was altered or tampered with in some way, which is definitely not a good thing. Like, that's a big no-no in the world of finance.

Related Questions

Which cheque works just like a currency note?

Currency notes are promissory notes payable to the bearer on demand.section 31 of RBI ACT provides that no one other than RBI or Central Govt. Can issue a promissory note or bill of exchange payable to bearer on demand...hence no cheque works just as a currency note.


You have to make a payment to Eire in euros can you just write a cheque out from your account in euros?

If your own account is in Euros and you have a cheque book for Euros, then yes you can. If it is any other currency that you are working from you will need to get something like a bank draft. You bank will tell you if you are not sure.


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 an international check?

Internal Check is a system or method introduced with defined instructions given to staff as to their sphere of work with a view to control and verification of their work and also maintenance of accurate records as the ultimate aim.


Which one is correct cheque leaf or cheque leaves?

Both are correct. If a single cheque is used it is called a cheque leaf. If a number of Cheques are used, collectively they are called cheque leaves or a cheque book or a booklet of Cheques. They all refer to one and the same. The difference is just the number of Cheques under consideration.


Is Mao zhedong's picture on China's currency?

Zhongguo renmin yinhang to give it it's correct term is the currency used in China and yes- Mao Tsetung's portrait is on many of the notes of higher denimination. Similat to Iran, Iraq and North Korea they just love to put their portraits on the currency.


How do you use kroner in a sentence?

Kroner is just the plural form of a currency like "dollars" or "pounds" or "pesos". So, "Do you have any kroner?" works just like "Do you have any dollars?"


What do the numbers at the bottom of a check represent?

It represents a Cheque Number. This is a unique number that is used to identify the cheque. Just by having this number we can identify the bank that issued it, its branch etc.


How do you say it due notes or notes due?

notes due............. due notes just sounds wierd


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.


What is the difference between cheque and check?

The difference is just the spelling. they both mean the same...


Is a personal computer you can use to take notes with a stylus?

Yes,it can take note with the stylus.I don't know how it works but it is used just like a computer mouse.