Question:

What is crossed cheque? what are the Types of crossed cheques?

by Guest11064  |  earlier

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What is crossed cheque? what are the Types of crossed cheques?

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  1. crossed cheque is a cheque which is drawn in fovour of drawer and only he is eligible to credit in the bank. while making crossed cheque be careful that write "A/c Payee" and cancelled bearer. i dont know the types of crossed cheque.


  2. crossed cheque: it is chaque, which can not be cashed at the counter, but which can be collected only y a bank from the drawer bank. Crossing may be of two types:

    (A) general crossing

    (B) special crossing

    bye

  3. Crossed cheque is a negotiable instrument which restrict payment only to the beneficiary through his/her bank account. It prevents from any other person from encashing the proceeds mentioned therein.

  4. crossing is a process by which an negotiable instrument like

    a cheque or draft can be made payable only to the person whom the drawer of that instrument ittending to pay

    once crossed it will be safe and cannot be misued by any one even if the  other persons  gets that instrument in any other way.

    General and Special crossing is 2 types

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