What is at par cheque?

Question

What is at par cheque?

Answer 1

par cheque means ur bank cheque can be withdrawn in any state at par not at preemium or discount. thr will be no collection charges.

Answer 2

Payable at par cheque. This usually implies that a cheque issued by a bank in one city/town will be paid at par when deposited in an account in another city/town. Payable at par implies that the full cheque amount is credited without any deductions, commissions or service charge.

Nowadays, if your bank has implemented core banking, then your cheque is payable at par at all locations where the bank has implemented core banking. i.e no commissions are deducted for outstation cheques just like in local cheques.