This article throws light upon the four types of crossing of a cheque. The types are: 1. Cheques Crossed Generally 2. Crossing after Issue 3. Antedated Cheque 4. Post Dated Cheque. Type # 1. Cheques Crossed Generally: The cheque bearing across its face an addition of the words 'and company' or any abbreviations thereof between two parallel transverse lines, with [...]
This article will guide you about how to use a cheque. 1. On the right hand side there is space to mention the date when the cheque is issued. (It is mandatory to mention the date on the cheque without which a cheque can be dishonored) Please write at least month in words like June 2011. 2. In next line [...]
This article provides a short note on cheque truncation. Cheque truncation is the process of stopping the flow of the physical cheques issued by a drawer to the drawee branch. The physical instrument will be truncated at same point en-route to the drawee branch and an electronic image of the cheque would be sent to the drawee branch along with [...]