Crossing of Cheque: Meaning of Cross Cheque, Types of Crossing
Crossing of Cheque: The open cheques are presented by the payee to banker on whom they are drawn and are paid over the counter. It
Crossing of Cheque: The open cheques are presented by the payee to banker on whom they are drawn and are paid over the counter. It
Types of Cheques: A cheque is a document that orders a payment of money from a bank account. The person writing the cheque, the drawer, usually
Truncated Cheques: The current system of cheque clearing is paper based, involves the physical exchange of cheques. This movement has necessitated clearing cycles of 3
Salient features of the Cheque Truncation System: Truncation is the process of stopping the flow of the physical cheque issued by a drawer to the