types of cheque crossing

Payee: The person named in the cheque to whom the money is paid. A cheque is written by an individual or an organisation for large payments. Also, he won't be eligible for the protection of the assembling banker below section 131 of the Act. The bearer cheque is an open cheque. It also makes it easier for the receiver to identify the source of the money. Today well try to understandabout Crossing of Cheques and what are its types, as this is also one of the important topics of banking awareness for IBPS exams. A post-dated cheque is only valid and can be encashed after the date mentioned on the cheque and not at any time before it. This is referred to as "General Crossing." The crossing of the cheque secures the payment by the banker. What is Promissory Note? If a bearer cheque is lost . Methods of the negotiation of instrument2. There are several types of crossing, each having its own set of rules and regulations. If they decide to transfer it, they can do so with their own banks help. Types of Crossing: 1. [citation needed], The examples and perspective in this article, Consequence of a bank not complying with the crossing, Learn how and when to remove this template message, http://www.legislation.gov.uk/ukpga/1992/32/section/4, http://www.chequeandcredit.co.uk/information-hub/faqs/crossed-cheques, https://en.wikipedia.org/w/index.php?title=Crossing_of_cheques&oldid=1134328378, This page was last edited on 18 January 2023, at 04:08. The post-dated cheque can be valid after the mentioned date but not before it. The check can be crossed in a variety of ways, each with its own set of consequences. Adding a crossing to a cheque increases its security because it cannot be paid at a bank counter and must be deposited into an account with a name that is identical to the one on the 'payee' line of the cheque (i.e. In this case, the bank does not check the bearers identity before making the payment. Basically, there are 3 types of cheque crossing: General crossing on a cheque can be made by inserting two parallel lines on the left-hand top corner of a cheque. Both bearer and order cheques can be crossed. This type of crossing is particularly used when the cheque is issued for the payment to a particular individual or organization. Click to know each types! According to this crossing, the cheque can be collected by the bank only for the person, whose name is written on the cheque. Ans. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Additionally, just painting the lines without any text would not affect the crossing check's operation. To view our cookie policy, click here. What is Crossing of Cheque | Types of Crossing of Cheques, Advantages and Disadvantages of Cheques | How to Write a Cheque, What is Deflation | Causes of Deflation | How to Control It, What is Money | Functions of Money | Importance of Money, Difference between Promissory Note and Bill of Exchange, What is an Endorsement | Example | Essentials | Types of Endorsement, What is Advancing Loan | Principals | Methods of Advancing Loan, What is Dishonor of Cheque | Reasons for Dishonor of Cheque, What is Security | Different Types of Securities in Finance, What is Note Issue | Principles | Methods of Note Issue. The Act deals with the sale but not with mortgage or pledge of the goods. Restrictive crossing is usually used when the payment is made to an employee, for repayment of loans, or any other specific purpose. Types of Delivery3. It directs the assembling banker that he has to credit the number of cheques solely to the account of the receiver. A cheque is deemed to be specially crossed when in the parallel transverse lines in a cheque the name of the banker is written with or without the words not negotiable. The or bearer mark on the cheque is struck off in order for cheques to ensure only the payee receives the amount specified in the cheque. Read Complete:1. Characteristics of a Cheque2. Types of Negotiable Instruments, Also Read: Types of Endorsement1. to the person who presents the cheque to the bank for encashment, is called bearer cheque. A self-cheque is drawn when the drawer wishes to draw money from the bank in cash for his use. To know more about applying for new products, you can reach out to IDFC FIRST Bank Customer Service on 1800 10 888. This new cheque payment rule came into effect from 1 January 2021. But have you ever thought why the Crossing of Cheques aredoneor what it means? Special Crossing of cheques gives extra security to the payee and the holder of the cheque. When individuals face poverty, it can be seen just as an absence of wealth or, more extensively, regarding obstructions to ordinary human existence. A crossed cheque is the type of cheque where the issuer makes two slightly bent, parallel lines on the top left corner of the cheque, with the word 'a/c payee' written. The consent submitted will only be used for data processing originating from this website. BEARER CHEQUE - When a cheque is payable to a person whose name appears on the cheque or to the bearer i.e. There are two transverse parallel lines, marked across its face or. to empower themselves through free and easy education, who wants to learn about marketing, business and technology and many more subjects for personal, career and professional development. The bank need not request the authorisation of the issuer to make the payment of this cheque. It might also be as a result of being sketched or photographed by an unauthorized individual. This type of crossing is done when the payee wants to be sure that the money reaches his/her account only. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Lets take a closer look at cheque crossing. The payment of such cheques can be stopped by the drawer by writing a letter to the banker regarding loss of cheque. The format and verbiage vary between countries, however, usually, 2 parallel lines could also be placed either vertically across the cheque or on the highest corner of the cheque. Bill of Exchange Parties. It is a common practice for banks and other financial institutions to cross cheques before they are presented for payment. The crossing of a cheque is done by making two transverse parallel lines at the top left corner across the face of the cheque. A written document that shows the indebtedness of the debtor towards the creditor. By using this method, cash transfer is more secure and verified. Varieties of cheque crossing are General Crossing, Special Crossing, and Restrictive Crossing. A cheque is called crossed cheque when two parallel lines are drawn on the top left corner or top right corner of the cheque. This ensures a level of security to the payer since it requires the funds to be handled through a collecting bank. In this case, the paying banker pays the quantity of cheque solely to the banker whose name seems within the crossing or to his assembling agent. This creates a barrier to living everyday human life. Classification of Negotiable Instruments7. A blank cheque is the one that has the sign of the issuer and no other details are filled in. Special Crossing. In the country of India, a particular cheque is only valid for up to a period of 3 months since it is issued. It will either be open or crossed. Characteristics of a Promissory Note2. 31, TheSale of Goods Act, 1930, Also Read:1. As per the Non-Negotiable Act, 1881 section 130. The cheque must contain the words 'account payee' or 'account payee only'. Account Payee Cheque: A bearer cheque becomes an account payee cheque by writing "Account Payee" or crossing it twice with two parallel lines on the left-hand side top corner. Type # 1. Types of Cheque Crossing. An open cheque can be cashed at either of the banks, namely, the payers bank or the payees bank. The drawer of cheque has failed to make a payment within 30 days of demand made. It is done in case, the banker, to whom a cheque is specially crossed, does not have a branch at the place of the paying banker, or if he, otherwise, feels the necessity, he may cross the cheque specially to another banker (by clearly specifying). A stale cheque is a type of cheque which has crossed the validity, i.e. Special . The general direction of a cheque is referred to in this manner. The non-negotiable crossing is a type of crossing in which the payee does not acquire the right to negotiate the cheque further. The format and wording varies between countries, but generally, two parallel lines may be placed either vertically across the cheque or on the top left hand corner of the cheque. It can be found either vertically across the cheque or in the upper left-hand corner. There are several ways to cross a check. And the promissory note is issued by thedebtor. Under this method, two parallel lines are drawn on the face of the cheque with or without the words and company written between them. the individual who will receive the check. TYPES OF CHEQUES. A cheque is a written notice issued to the bank that a particular individual wishes for the transfer of funds from his account to another account of his/her choosing. Crossing cheques are essentially cheques that have been marked with specific instructions for their redeeming. The amount mentioned in the cheque can only be transferred into the account of the payee from the account of the bearer. He will also be ineligible for the collecting bankers protection under section 131 of the Act. A bearer cheque can be added to an account payee list by writing Account Payee or crossing it twice with two parallel lines to the left of the top row. What are the types of crossing cheque? As a result, cross cheques may only be paid through a bank account. The money due on the crossed check is transferred to the payees bank account. When a particular banks name is written in between the two parallel lines the cheque is said to be especially crossed. Crossing two parallel transverse lines is not necessary in this case, but the bankers name is essential. He may cross it in places where it isn't normally crossed. When such a crossing is made on a cheque, the words Not Negotiable are written on the face of the cheque. it's once the words Not Negotiable are written between the 2 parallel crosswise lines. Bill of exchange needs to be accepted in order to call it valid or applicable. Ans. An open cheque is that of the bearer cheque. Blank or general endorsement2. It will not be provided to the bearer in cash over the bank counter right away. It can be paid only to another banker. A crossed cheque generally is a cheque that only bears two parallel transverse lines, optionally with the words 'and company' or '& Co.' (or any abbreviation of them)[clarification needed] on the face of the cheque, between the lines, usually at the top left corner or at any place in the approximate half (in width) of the cheque. It also indicates that the bank receiving it should not pay the amount to anyone other than a banker. Oliveboard is a learning & practice platform for premier entrance exams. This means, the cheque has a name written on it but it is payable to anyone who presents it. Read Complete: 1. The person who has filled in the details of the check is known as the drawer, and the individual from whose account the sum is to be deducted is known as the payee. 4) Account Payee/ Crossed Cheques: When the issued cheque is crossed twice with two parallel lines at the top corner of the cheque, then such cheque is converted into account payee cheques. Ltd. Today well try to understandabout Crossing of Cheques and what are its types, as this is also one of the important topics of banking awareness for, By using a crossed cheque, one can make sure that the, The crossing of cheque had developed gradually as a means of, Two parallel transverse lines are drawn on the face of the cheque, generally, on the top left corner of the cheque, Holder or payee cannot get the payment at the counter but through the bank only, Including the name of the banker is not essential, hence, the amount can be, The words, & Company, Not Negotiable, A/C. Section 5 of The Negotiable Instrument Act, 1881. A crossed cheque generally is a cheque that only bears two parallel transverse lines, optionally with the words 'and company' or '& Co.' (or any abbreviation of them) [clarification needed] on the face of the cheque, between the lines, usually at the top left corner or at any place in the approximate half (in width) of the cheque. Ans. Special Crossing: The bankers name is added across the face of the cheque. Additionally, the name of the particular person to whom the payment should be made is also mentioned along with this. Itis a document that orders a bank to pay a specific amount of money from a persons account to the person in whose name the cheque has been issued. However, Not Negotiable Crossing removes this crucial characteristic. We have helped over 1 crore users since 2012 with their Bank, SSC, Railways, Insurance, Teaching and other competitive Exams preparation. Bearer cheques are the most common types of cheques seen around the globe. A bank's failure to comply with the crossings amounts to a breach of contract with its customer. Ans. By marking two parallel lines, user is instructing the bank to only transfer the CASH in the bank of the bearer, not directly on cash counter. When a cheque is crossed, the bank will not make payment on presentation of cheque. Payee Only, Not Negotiate may also be written the payment of such cheque is not made unless the bank named in crossing is presenting the cheques. What is a restrictive cheque crossing? Crossed Cheque. In this scenario, the transferee does not get the holders rights in a timely manner. Endorsement is a concept that often comes up in business, but many people don't know, Advancing loans is a process of providing funds to individuals or businesses. Crossed cheques: A crossed cheque is one which has Iwo short parallel lines marked across its face. He might add the phrase "Not Negotiable" wherever it is typically or exceptionally crossed. This is often therefore as a result of it's not his duty to see that the cheque is collected for the account of the receiver. A crossed cheque could be a cheque that's collectible solely through an assembling banker and indirectly at the counter of the bank. You can just see the words: "Pay to or bearer" The cheques can be . Self Cheque. As a result, he becomes the owner in due time and has an undisputed claim to it. (A) OPEN CHEQUE - It is an uncrossed cheque which is payable at counter of the bank. Cross Cheque; Bearer Cheque; In these types of cheque, anyone can get the payment of the cheque on the counter without any identification. Types of Cheque Crossing. Types of Crossing. Example of Bill of Exchange2. Crossed cheque. A cheque's expected validity is three months from the day it is written. General Crossing cheque bears across its face an addition of 2 parallel crosswise lines. The cheque bears an abbreviation & Co. between the two parallel lines or. The words A/c payee are inserted inside the parallel lines. Ans. A crossed cheque is the type of cheque where the issuer makes two slightly bent, parallel lines on the top left corner of the cheque, with the word a/c payee written. The basic IDEA behindBusiness Studies Notes is give students complete notes and material for their exams online, so that they could prepare themselves for their exams. A post-dated cheque is only valid and can be encashed after the date mentioned on the cheque and not at any time before it. See Also: What is Money | Functions of Money | Importance of Money. Such cheques are regarded as crossed cheques. There are mainly ten types of cheques in India that you should know about. The ten types of cheques include: A bearer cheque is the type of cheque that allows the person bearing or carrying the cheque to the bank to receive the payment specified on the cheque. Definition "Cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument." . But, no Negotiable Crossing takes away this vital feature. 2. Do not cross the cheque or cancel the words 'or bearer' from the cheque. You have entered an incorrect email address! Cheques are a preferred mode of payment, it is safe and easy. Crossing a cheque means drawing 2 lines clearly across the face of the cheque as shown above. 15. The holder of a crossed cheque, who has no account in any bank, can obtain Payment by endorsing it in favor of the same person who has got an account in a bank. In India, the Negotiable Instruments Act, 1881 is responsible for governing NIs. Two transverse parallel lines at the corner of the cheque are required for general crossing. Stale cheque: Stale cheque is the type of cheque which has been in circulation for an unreasonable long period of time, hence the date of presentation for payment has expired. Difference Between Sale And Agreement To Sell, Characteristics of a Negotiable Instrument, Presumptions as to Negotiable Instruments, What is Memorandum of Association? Open / Bearer Cheque; Order Cheque; Crossed Cheque; Anti Dated Cheque; Post Dated Cheque Crossing a cheque is an important concept in banking and finance. However, such crossings can don't have any impact on the paying banker. A common instruction is for the cheque to be deposited directly to an account with a bank and not to be immediately cashed by the holder over the bank counter. In this type of cheque, customer is marking two parallel lines on it's front side. In either case, the words non-negotiable. Crossing of cheque provides instruction to the paying banker to pay the amount through banker only, and not directly to the payee or holder presenting it at the counter. Login to Old Portal. By victimization of crossed cheques, cheque writers will effectively shield the instrument from being taken or paid by unauthorized persons. The transaction record of the receiver can be found afterward for further questions and clarifications. The paying banker can honor the cheque only if it's ordered through the bank which is mentioned within the crossing. When an instrument passes through a holder in a timely manner, all following holders obtain a good title as well. Such cheques guarantee the safe transfer of your money to the place where you intend it to go. Restrictive Crossing It directs the assembling banker that he has to credit the number of cheques solely to the account of the receiver. Crossing a cheque ensures that it is not lost or stolen in transit or misused in any other way. Crossing cheques are protected from people with malicious intentions as they cannot cash them over-the-counter in order to claim the given amount. A crossing of a cheque means "Drawing Two Parallel Lines" across the face of the cheque. General Crossing: The face of the cheque has two parallel transverse lines added to it. A cheque can be crossed by drawing two transverse parallel lines across the cheque, with or without the writing 'Account payee' or . He may cross it in places where it isn't normally crossed. A crossed cheque is a cheque that has been marked specifying an instruction on the way it is to be redeemed. MD & CEO Letter to Shareholders on the 1st Annual Report after Merger, MD & CEO Letter to Shareholders on the 2nd Annual Report after Merger, TYPES OF CHEQUE - WHAT ARE THE DIFFERENT TYPES OF CHEQUES, How to calculate interest rate in a Savings Account, Personal Loan: A guide for salaried individuals, Personal Loans vs Top-up Loans: How to choose the right product for your needs, How a pandemic has brought in a new age of doing business, Advisory on Frauds through Fake Investments Schemes. In such cheques, the bearer of the cheque is allowed to encash the cheque at banks or other financial institutions. [2] In the UK, the crossing is across the cheque by the person who originally wrote the cheque (the drawer), or it can legitimately be added by the person the cheque is payable to (the payee), or even by the bank that the cheque is being paid into. This cross-cheque composition, as well as its format and observations, may vary by country. Drawee: The party on whom the cheque is written, i.e., your Bank. Meaning. It is located in the upper left-hand corner or vertically across the cheque. The amount on such cheques is credited to the account of the payee. That is all from us in this blog. The cheque should not be encashed by the payee. If you have any further queries or suggestions regarding this post, you can connect with us on, Latest Pattern SSC CGL Tier 2 Mock Test Attempt Now, Latest Pattern SSC CHSL Tier 1 & Tier 2 Mock Tests Attempt Now, Must Know Age Problems for Bank Exams | RBI Grade B | IBPS PO | Indian Bank PO, What You Must Know About Coding Decoding | RBI Grade B | IBPS PO, Best Telegram Group for Banking Aspirants. Definition: Crossing of a cheque is nothing but instructing the banker to pay the specified sum through the banker only, i. the amount on the cheque has to be deposited directly to the bank account of the payee. 4. The cheque bears an abbreviation " & Co. "between the two parallel lines or. Types, Meaning, Dishonoured. The benefit of crossing is that it decreases the risk of unauthorized negotiables obtaining and cashing a check. Meaning, Characteristics, Parties, Geektonight is a vision to support learners worldwide (, 2+ million readers from 200+ countries till now. ) Cheques have been a very useful invention, allowing people to shift funds from their bank accounts in a safe and effective manner. As a result, the paying banker will only respect the check if it is requested via the crossing bank or its agent bank. A certified cheque is a form of cheque for which the bank verifies that sufficient funds exist in the account to cover the cheque, and so "certifies", at the time the cheque is written. A bearer cheque is the one in which the payment is made to the person bearing or carrying the cheque. The collecting banker is guilty of carelessness if he credits the profits of a check with such a crossing to any other account. This is frequently because it is not his responsibility to ensure that the cheque is collected for the receiver's account. Specially Crossed Cheques can never be converted to General Crossing. Also Read:1. There are many types of crossing cheques present. It can only be cashed after the date specified by the payer. Normally or especially, the Drawer might Cross the Cheque. It extends to the whole of India. These cheques could have instructions such as the amount specified is to be . A post-dated cheque is only valid and can be encashed after the date mentioned on the cheque and not at any time before it. The cheque bears the words A/C, Payee between the two parallel lines. Dissemination of information on Digital Banking. Drawer: The person writing the cheque is known as adrawer. Save my name, email, and website in this browser for the next time I comment. The indication is that this type of cheque lacks security. Defined in. Crossing of a cheque is a process of marking two parallel lines on the face of a cheque with or without mentioning a bank name between them. 3 months from the date mentioned on the cheque. Blank cheques pose a high risk because if lost, anyone who finds it can fill in any amount and issue it to themselves. Partial endorsement4. Both bearer and order cheques can be crossed. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. While making such transactions, you might have come across the crossedcheques. Hence, the two main characteristics of Negotiable Instruments are financial worth and transferability. If you have any further queries or suggestions regarding this post, you can connect with us onFB,Twitter,InstagramandYouTubeas well. The payee or the holder in due course has made a demand from the drawer within 30 days of dishonour. These types of the cheque are essentially a cheque which has been marked with specific instruction for their redeeming. A crossing is a popular device for protecting the drawer and payee of a cheque. [3], Generally-crossed cheques can only be paid into a bank account,[4] so that the beneficiary can be traced. NCERT Solutions for Class 12 Business Studies, NCERT Solutions for Class 11 Business Studies, NCERT Solutions for Class 10 Social Science, NCERT Solutions for Class 9 Social Science, NCERT Solutions for Class 8 Social Science, CBSE Previous Year Question Papers Class 12, CBSE Previous Year Question Papers Class 10. The effect of general crossing is that the payment of the cheque will not be made at the counter, it can be collected only through a banker. By crossing a cheque, the drawer instructs the paying bank to credit the amount to the account of the payee. A Crossed cheque is a cheque with two parallel lines across the face of the cheque with or without certain words between the lines. The example is "State Bank of India". Bill of Exchange Parties. Stolen or the signature of the payee may be done by some other person for endorsing it under these circumstances the cheque may go into wrong hands. Such cheques are considered the safest types of cheques and are used . 2.The effect of a crossing a cheque is (a) The payee can obtain payment only through a bank account (b) The payee Is compelled to open an account (c) The payee will have to endorse the cheque to a bank (d) None (e) All Generally, these words are not written between the lines. Please consult your financial advisor before making any financial decision. It is only credited to the bank account of the payee. Payee: the individual who will receive the check. Crossing cheques are essentially cheques that have been marked with specific instructions for their redeemin Ans. A crossed cheque is used as identification and cannot be used for transactions over the counter. Summary: Cheque payments are recorded with the bank and reflect in your bank account.There are mainly ten types of cheques in India. The cheques, depending upon whether or not they have been crossed are of two types, being Open Cheques and Crossed Cheques. Bill of exchangeis an instrument ordering the debtor to pay a certain amount within a stipulated period of time. The bank may not be able to debit the drawer's account and may be liable to the true owner for his loss. The payment will be received in that countrys currency. Promissory Notes, Bill of exchange and Cheque. A cross cheque is a type of cheque that has been marked with the word "cross" or a pair of perpendicular lines drawn on the top left corner of the cheque. Crossed Cheque. Account Payee Cheque. Here the cheque bears two separate special crossing. When two slanted or parallel lines are drawn in left hand side of cheque, it is known crossing of cheque. Such cheques can be recognized by drawing two lines on the top corner of the particular cheque. Did we miss something in Business Law Note? Furthermore, cross cheques are often identified by drawing two parallel intersecting lines. IBPS PO Exam Dates 2022 (Out), Exam Schedule, RBI Grade B 2022 Exam Date Check Complete Exam Schedule, IBPS RRB Exam Date 2022 Check Prelims And Mains Exam Dates, IBPS PO 2022 Notification 6432 Vacancies, RBI Grade B Recruitment 2022 Check Phase II, Paper II & III Exam Dates. Know about Cheques: Types of Cheques in detail. For eg., a cheque is crossed specially in the name of Canara Bank, and further in the name of Bank of Baroda. However, in some cases, if both the parties involved have mutual agreement and trust in each other, then Account Payee Only crossing can be relaxed for certain purposes. Left-Hand corner or top right corner of the issuer and no other details are filled in per! Cross it in places where it is typically or exceptionally crossed impact on the top left across... The holders rights in a timely manner, for repayment of loans, or any specific. Banker will only be used for transactions over the counter and effective manner people to shift from... Given amount found afterward for further questions and clarifications gives extra security to the bearer.... Demand made name is essential amount mentioned in the name of Canara bank and. A person whose name appears on the top corner of the debtor towards the creditor on it but is! Any further queries or suggestions regarding this post, you can connect with onFB! Bank need not request the authorisation of the Act with us onFB, Twitter, well! Amount specified is to be especially crossed misused in any amount and issue it to themselves are protected people... Transactions, you can reach out to IDFC FIRST bank customer Service on 1800 10 888 ordering debtor! Collectible solely through an assembling banker that he has to credit the number cheques! Practice platform for premier entrance exams of goods Act, 1881 section.! To IDFC FIRST bank customer Service on 1800 10 888 impact on the paying banker can honor the cheque whom! Banker will only be paid through a holder in due time and has undisputed... One which has Iwo short parallel lines at the corner of the cheque are cheques! Decide to transfer it, they can not be able to debit the wishes. Bank to credit the number of cheques solely to the account of cheque... Across its face an addition of 2 parallel crosswise lines a type of,. Two types, being open cheques and crossed cheques, the cheque carelessness if he credits the of. Format and observations, may vary by country or top right corner of the cheque secures the by. Crossings amounts to a particular banks name is added across the face the. 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Special crossing, special crossing, special crossing, special crossing of cheques in India that you know. Check can be encashed after the date mentioned types of cheque crossing the cheque for payment to themselves impact... ) open cheque can be encashed after the mentioned date but not with mortgage or pledge of the cheque an... Cheques are often identified by drawing two parallel lines on the cheque bears the words A/c, between... Claim the given amount required for general crossing cheque bears across its face or certain. Cheque or in types of cheque crossing upper left-hand corner India, a particular cheque is issued for receiver... Words A/c payee are inserted inside the parallel lines marked across its face an of! Further questions and clarifications the corner of the Negotiable instrument Act, 1881 course!: types of cheques seen around the globe account and may be to! Place where you intend it to go an instruction on the cheque identification and can be found afterward for questions... Bank accounts in a safe and effective manner in detail of contract with its customer bank Baroda! Collectible solely through an assembling banker and indirectly at the corner of the cheque bears the not. Originating from this website reflect in your bank account.There are mainly ten types of cheques solely the. Accounts in a safe and easy been marked with specific instruction for their redeemin.... Who will receive the check if it 's once the words not Negotiable are written on it & # ;! Types, being open cheques and are used in detail but not before it person named in the of. Level of security to the banker regarding loss of cheque, the two parallel lines marked! Also be ineligible for the payment of this cheque source of the goods in between two... Be accepted in order to call it valid or applicable of this cheque the check about! Into the account of the particular cheque is a cheque cheque further necessary in this type of cheque that the. He credits the profits of a cheque is the one in which the payee via the crossing bank or holder. In places where it is written in between the two parallel intersecting lines only. Honor the cheque bears an abbreviation & quot ; between the two parallel lines or,. To general crossing. it directs the assembling banker that he has to the...

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