types of cheque crossing
to the person who presents the cheque to the bank for the degree of risk is less in case of crossed cheque as it cannot be encashed This was also laid down in Sec. In case of Special Crossing the name of a banker may be written within two parallel transverse lines or with the words And Company or Account Payee Only or Not Negotiable the inclusion of these words has become customary. Crossed cheques. Types of Cheque Crossing General crossing. 
Such cheques are very secure and protected. WebCrossing of Cheques | Types of Crossing of Cheque| Crossing and it's types | CA Inter. order cheque. Prof. Evneet's COMMERCE CLASSES. General crossing on a cheque can be made by inserting two parallel lines on the left-hand top corner Special Crossing. When a crossed cheque is being used, there is no option of a cash withdrawal. Restrictive Crossing : When in between the two transverse parallel lines, the words A/c payee is written across the face of the cheque, then such a crossing is called restrictive crossing or Oliveboard is a learning & practice platform for premier entrance exams. It can be Bearer Cheque or Order Cheque . 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. An open cheque is payable at the counter of the drawee bank on the presentation of cheque. Cheques may be of two types: Open or uncrossed cheques & Crossed Cheque; 1. Types of Cheque Crossing General Crossing cheque bears across its face an addition of 2 parallel crosswise lines. open cheque as it can be encashed by anybody across the banks counter. These cheques could have instructions such as the amount specified is to be only sent into the account of the payee. He may make his liability on the instrument conditional on the happening of a particular event. This essentially means that the individual who is carrying the bearer cheque to the bank has all the authority to encash it at the same institution. 2. In order to ensure that a cheque will not be able to be encashed by anyone but the rightful owner of the cheque, the words account payee are often added to the crossing ensuring that the bank receiving such a cheque is to collect the amount only for the purposes of the payees account. Get subscription and access unlimited live and recorded courses from Indias best educators. The word Order is written instead of the word Bearer on the cheque. As per Section 127 of The Negotiable Instruments Act, 1881: Where a cheque is crossed specially to more than one banker except when crossed to an agent for the purpose of collection, the banker on whom it is drawn shall refuse payment thereof.. cheque. Opening of crossing/cancellation of crossing 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. person (whose name appears on the cheque) or to his order, is called the order An open cheque is payable at the counter of the drawee bank on the presentation of cheque. Although the non- negotiable crossing does not result in the cheque becoming non- transferable, it still loses much of the negotiability of the cheques. This cheque is transferable from the original payee (the original recipient of the payment) to another payee too. Agent: While signing a negotiable instrument only as an agent of another, he should make clear by adding the words Per Procuration, Per Pro, For, For and on behalf of, On behalf of. While making such transactions, you might have come across the crossedcheques. The issuer of the open cheque is required to sign on both the front and back of the cheque. 
125 of the Negotiable Instruments Act, the following persons are authorized to cross the cheque, apart from the drawer: A crossing of cheques is basically of 2 types: Section 123 of the Negotiable Instruments Act deals with the general crossing of cheque, In the following cases, a cheque is generally considered to be crossed: According tosection 124of the Negotiable instruments Act, Section 124 of The Negotiable Instruments Act, 1881defines Special Crossing as: Where a cheque bears across its face an addition of the name of a banker, either with or without the words not negotiable, that in addition shall be deemed a crossing, and the cheque shall be deemed to be crossed specially and to be crossed to that banker.. Any failure by the paying banker to pay a crossed cheque shall be punishable by liability as defined in. Restrictive crossing. An order cheque cannot be transferred without Types of Cheque Crossing General Crossing cheque bears across its face an addition of 2 parallel crosswise lines. 50 of the NI Act 1881states. 
i.e., Crossing must specify that the banker to whom it was particularly crossed again acts as the first bankers agent for the purpose of collecting the cheque. Thus C gets the right to receive payment only on the happening of a particular event, i.e. Crossing is an instruction given to the paying banker to pay the amount of the cheque through a banker only and not directly to the person presenting it at the counter. The Negotiable Instruments Act, 1881, sets out in Section 123 131 the provisions concerning the crossing of cheques. This cheque is transferable from the original payee (the original recipient of the payment) to another payee too. A travellers cheque does not have an expiry date. Crossed cheques must be presented through the bank only because they are not paid at the counter. Restrictive Crossing: It instructs the collecting banker to credit the amount of the check exclusively to the payees account. our bootcamp so far, Weekly Competition Week 1 December 2019, Weekly Competition Week 2 December 2019, Weekly Competition Week 3 December 2019, Weekly Competition Week 4 December 2019, Weekly Competition Week 1 November 2019, Weekly Competition Week 2 November 2019, Weekly Competition Week 3 November 2019, Weekly Competition Week 4 November 2019, Weekly Competition Week 2 October 2019, Weekly Competition Week 3 October 2019, Weekly Competition Week 4 October 2019, Weekly Competition Week 3 September 2019, Weekly Competition Week 4 September 2019, Duties of a paying banker as to crossed cheques, Sec. But there is a record 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. Hence, it is not instantly encashed by the holder presenting the cheque at the bank counter. General Crossing: The face of the cheque has two parallel transverse lines added to it. Learn about poverty, poverty law, its causes and consequences. The second type of cheque is the order cheque. 125 of the Negotiable Instruments Act, Section 124 of The Negotiable Instruments Act, 1881, Sec. 1. Special Crossing: The bankers name is added across the face of the cheque. The Court held that this was also the case in various matters like. characteristic, cheques can be classified into two main groups. v. Endorsement by Deceased Person: A cheque in the name of deceased person must be endorsed by his legal representative. But crossed cheque is not used by the drawer to If any cheque contains such an The effect of such a crossing is that it removes the most important characteristic of a negotiable instrument (according to section 123). Such cheques indicate that the amount mentioned in the cheques can only be paid into the specified bank account which is mentioned in the cheque itself. Cheques can be open (uncrossed) or crossed. Crossing cheques are essentially cheques that have been marked with specific instructions for their redeemin Ans. iii.The collecting banker is duly bound to collect the proceeds of the cheque in the account of the Payee only. But, order cheque is suitable for making big payments. There are certain rules and regulations when it comes to the use of cheques in the banking industry as there are various different types of cheques present. viii. 65K views 10 months ago All Business Law Videos. Crossing cheques are essentially cheques that have been marked with specific instructions for their redeeming. 
parallel lines or some other indicators signifying crossing. A negotiable instrument payable otherwise than to a bearer can be negotiated only by endorsement and delivery. 
between bearer cheque and order cheque. (A) OPEN CHEQUE - It is an uncrossed cheque which is payable at counter of the bank. WebTypes of Cheque Crossing (Sections 123-131 A): General Cheque Crossing. The cheque thereafter becomes an open cheque. Specially Crossed Cheques are not convertible into General Crossing. For example, Pay Ram or bearer is a (i) Negotiation can be effected by mere delivery if the instrument is a bearer one. 
Main aim of this blog is to provide all academic resources and information's especially for Commerce Stream Students. c) This cheque can be encashed at any bank, and the payment can be made to the person bearing the cheque. These cheques have the words or bearer printed in front of the name of the payee. Managing Director, Secretary or General Manager. Crossing cheques can be important these days as such actions protect the document from people with malicious intent. Poverty is the hardship of food, shelter, wealth, and clothing. The degree of risk is more in case of Canara Bank Balance Enquiry by SMS, Missed Call, Netbanking, Union Bank of India Balance Enquiry Number, PNB Balance Check Number Enquiry by SMS, Missed Call, Netbanking, Central Bank of India Customer Care Number, Bank of Baroda Customer Care Missed Call and Toll Free Number. You can click on this link and join: Follow us onInstagramand subscribe to ourYouTubechannel for more amazing legal content. A crossed cheque is payable only through a collecting banker and not directly at the counter of the bank. WebThere are various types of cheques that can be issued. This ensures that payment is made to the actual payee. Sec. The crossing of a cheque is intended to ensure that its payment is made to the right payee. A negotiable instrument may be transferred by negotiation. A bank issues a bankers cheque on behalf of an account holder to issue payment to another person in the same city. Whereas the inclusion of the bankers name is a must in the case of a special crossing, the need for a general crossing is to draw two parallel lines. The crossing of cheque had developed gradually as a means of protection against misusing of cheques. An order cheque is the one that has the words or bearer cancelled out. cheque. To receive its amount for the endorser or for some other specified person. a) Crossing of Cheques | Types of Crossing of Cheque| Crossing and it's types | CA InterIn this Video I have covered What is Crossing of cheque and it's types with the help of \u0026 Examples in a very Easy Language.My other You tube channel for Motivation - https://youtube.com/channel/UCTud98m4wXcVg6TIGzpewpgMy All Videos Links Difference between Sale \u0026 Agreement to sell - https://youtu.be/DiR_7Tm0a6kContract of Bailment (Part 1)- Essential Elements of Bailment - https://youtu.be/0YtiRN1xgvYContract of Guarantee and Difference between Contract of Indemnity and Guarantee (Part 1) - https://youtu.be/rYx36SUyV4cHow to write law Papers to score good marks - https://youtu.be/a8H7xIqaf-EAll Contracts are Agreements but All Agreements are not Contracts - https://youtu.be/b9zJFaKr7h0Capacity to Contract - https://youtu.be/aDusqskXi5sConsideration - https://youtu.be/4tE5hLwvy10Free Consent -https://youtu.be/bZSOFDoQU4MLegality of Object and Consideration -https://youtu.be/az3hb7XnO1YBusiness law Most Important Questions for Exam - https://youtu.be/kLOX3m2zH3M Playlist ka link kaise open kare - Video me share button dabakar copy link pe click karo , fir yehi copied link ko Google Chrome ya kisi aur internet browser pe open karo ..than fir discription me playlist ka link open ho jaega.My All Subjects Playlist Videos Links All Business Laws Videos - https://youtube.com/playlist?list=PLzzbkTuXLDmP8IdWh_8k5IavwSnVSp5eNAll Statistics Videos - https://youtube.com/playlist?list=PLzzbkTuXLDmPCK0NXRXCWbxrAYnye0HpCAll Company Laws Videos - https://youtube.com/playlist?list=PLzzbkTuXLDmPycwzBYB91-Rvw2ukEMjniAll Accounting Videos - https://youtube.com/playlist?list=PLzzbkTuXLDmPC6QeVvFAE8bSqOwhcMrqxAll Economics Videos - https://youtube.com/playlist?list=PLzzbkTuXLDmP6s_23vcT3Iuh5ikaCUKmAAll Cost Accounting Videos - https://youtube.com/playlist?list=PLzzbkTuXLDmPxE7Y_Jnf-xrjZR6z6xrzdMy Other Videos Links Essentials of a Valid Contract - https://youtu.be/2Ev7ozO8crI Difference between Agreement and Contract - https://youtu.be/1m_X0eWSTsADifferent types of Agreements - https://youtu.be/p4C_rM5XExYAll Contracts are Agreements but all Agreements are not Contracts- https://youtu.be/b9zJFaKr7h0Acceptance \u0026 Rules of an Acceptance - https://youtu.be/RVdMz_xWNlgSpearman's Rank correlation coefficient Part 1 - when ranks are given and when ranks are not given - https://youtu.be/qsUu-9zULJAKarl pearson coefficient of correlation by Shortcut method / Assumed mean method- https://youtu.be/fCNJEm0mzjA Karl Pearson Coefficient of Correlation by Actual Mean method - https://youtu.be/F94I6GlRKuk Karl pearson coefficient of correlation by Direct method - https://youtu.be/Bi_sIzvAjIQ scatter diagram method of correlation- https://youtu.be/o0taZSUVKe4 Mean Deviation - Individual Series https://youtu.be/bTPiIx3gNLQ MeanDeviation in discrete series- https://youtu.be/0RY1zep_hTY MeanDeviation in continuous series- https://youtu.be/FsK5As3DhTo Combined Arithmetic Mean - https://youtu.be/uCxmNmli1sQ Standard Deviation - Actual Mean Method Calculation -https://youtu.be/lGRJR8wP7mc Standard Deviation - Assumed Mean/ Shortcut Method -https://youtu.be/_ufW541Zod0 Standard Deviation- Step Deviation Method \u0026 Method based on the use of Actual Data https://youtu.be/RRAIsMOYPi8 Range, Interquartile range \u0026 Quartile Deviation Calculation - https://youtu.be/0mHrU_g3TDU Calculation of mode - Inspection \u0026 Grouping Method in Individual \u0026 Discrete Series - https://youtu.be/JXlnFFuwdb0 Arithmetic Mean ( Direct ,Shortcut \u0026 Step Deviation Method) - https://youtu.be/XbIFyUhOq1w#profevneetcommerceclasses#profevneet#profavneet#profavneetbusinesslaw#negotiableinstrumentact Restrictive Crossing : When in between the two transverse parallel lines, the words A/c payee is written across the face of the cheque, then such a crossing is called restrictive crossing or In these cases, the respective restrictions mandate to pay the cheque through State Bank of India (acting as collecting banker) only. The name of the banker itself constitutes special crossing. Open cheque is payable across the b) Specimen of Special Crossing: Bearer cheque is suitable for making These cheques have the words or bearer printed in front of the name of the payee. Drawing of two parallel transverse lines is a must. What Is A Cryptocurrency Hardware Wallet? Given below is the list of the various cheque types: Bearer Cheque Order Cheque Crossed Cheque Account Payee Cheque Stale Cheque Post Dated Cheque Ante Dated Cheque Self Cheque Travelers Cheque Mutilated Cheque Blank Cheque But what is a cheque? Ans. For example, Pay Ram or order is an order cheque, small payments. counter of the bank. There is no record of movement of Payee may or may not be written, It can be converted into Special Crossing, Two transverse lines are not necessary to be drawn, Name of the banker is added across the face of the cheque, The Name of the Banker may or may not carry the abbreviated word, & Co., Account payee or Not Negotiable. Language links are at the top of the page across from the title. Crossing of Cheques can be done in two ways: General Crossing Special Crossing [3], Generally-crossed cheques can only be paid into a bank account,[4] so that the beneficiary can be traced. Open Cheques: In case of open For a cheque to be deemed to have been crossed, the bankers name had to be added across the face of the cheque. Below given are different types of crossed cheque: General Crossing Under General Crossing, two transverse parallel lines are crossed across the face of the cheque and it bears an abbreviation & Co. between the two parallel lines. But, order cheque is suitable for making big payments. But crossed cheque requires two (A) OPEN CHEQUE - It is an uncrossed cheque which is payable at counter of the bank. Payee: The person named in the cheque to whom the money is paid. Two parallel transverse lines are not at all essential for a crossing. In case of General Crossing the words And Company or & Company or Not Negotiable between the transverse lines to highlight the crossing does not carry special significance. The Two parallel transverse lines and the words Not negotiable may be added to a special crossing. In this post we have learnt about the different kinds of cheques which exist in our banking system and also the different types of crossing of cheques and their respective indications. Payment can only be made through the bank of the crossing. Payment can only be made by bank account and should not be made at the banks payment counter. WebCrossing of Cheques | Types of Crossing of Cheque| Crossing and it's types | CA Inter. There are also substantial differences between the special and general crossing of cheques. The in-depth study on Union Public Service Commission, An analysis of independent directors as gatekeepers of governance. 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). Types of Cheque Crossing General crossing. Cheques may be of two types: Open or uncrossed cheques & Crossed Cheque; 1. Hope you find the information useful. bearer cheque as it is transferred without endorsement. In the case of order cheques, the bank doesnt have a need to verify the identity of the bearer before proceeding with the required payment. When a cheque bears two separate special crossing, it is said to have been doubly crossed. Sometimes, a type of crossing is referred to as a non- negotiable account payee crossing.. Such cheques guarantee the safe transfer of your money to the place where you intend it to go. Open Cheques: In case of open cheques, the amount of such cheques can be collected by the payee over the counter of the bank. Ans. endorsed the cheque. counter of the bank. crossed by drawing two parallel transverse lines across the face of the cheque Like most modern cheques in the UK, the cheque is pre-crossed as printed by the Bank. These cheques have the words or bearer printed in front of the name of the payee. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. f) General crossed cheques are paid in the account of payee, so that beneficiary can be easily traced. Hence, it protects both the parties. Below given are different types of crossed cheque: General Crossing Under General Crossing, two transverse parallel lines are crossed across the face of the cheque and it bears an abbreviation & Co. between the two parallel lines. General crossed cheques are paid in the account of payee, so that beneficiary can be easily traced. There are serious risks associated with payments to the wrong person. 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. to the person who presents the cheque to the bank for make it an order cheque. WebA crossed cheque the oblique or vertical lines in the centre form the crossing. endorsed the cheque. WebCrossing of cheques These types of the cheque are essentially a cheque which has been marked with specific instruction for their redeeming. Different Types of Crossing (i) General Crossing. i.Two transverse parallel lines with word Account Payee or any abbreviation thereof. Merger - IDFC Bank and Capital First Ltd. Crossed cheque is absolutely safe and secure to proceed your transactions. crossed cheque. But an order cheque is payable to the Learn more topics related to General Awareness, Access free live classes and tests on the app. Post-dated cheques are the cheques where the date present is later than the original date that the cheque was issued. The parallel lines indicate the cheque to be crossed, and hence the amount cannot be cashed over the counter but could only be received in the account of the payee mentioned in the document itself. 1. Modes of Cheque Crossing (Section 123-131A)There are two types of crossing: General Crossing; Special Crossing; General Crossing. A cheque must be an un conditional order, a conditional endorsed cheque loses the character of a cheque and therefore, the paying banker can simply return the cheque. It is not a substitute for specific advice in your own circumstances. the possessor, is called the bearer cheque. Kabir Jaiswal is a student of National University of Study and Research in Law, Ranchi (NUSRL) who writes about crossing cheque under the Negotiable Instrument Act. It has often been observed that both non- negotiable crossing and crossing of accounts payee help to ensure that cheques are extremely secure. BEARER CHEQUE - When a cheque is payable to a person whose name appears on the cheque or to the bearer i.e. counter of the bank. i. Section 127 of The Negotiable Instruments Act, 1881, Where a cheque is crossed specially to more than one banker except when crossed to an agent for the purpose of collection, the banker on whom it is drawn shall refuse payment thereof., Section 130 of the Negotiable Instrument Act which deals with Non-Negotiable crossing states thata person taking a cheque crossed generally or especially, bearing in either case the words not negotiable shall not have and shall not be capable of giving a better title to the cheque than that which person from whom he took it had.. They are: 1. But crossed cheque requires two When the payee or endorser specifies the person to whom or to whose order the instrument is to be paid, the endorsement is called special endorsement or endorsement in full. Bearer cheque may be negotiated by 
RBI Grade B Study Material Download FREE PDF eBooks Here. General crossing on a cheque can be made by inserting two parallel lines on the left-hand top corner Special Crossing. WebWhen a cheque is crossed in this way, it is called a general crossing. Is required to sign on both the front and back of the order... Is an uncrossed cheque which has been marked with specific instructions for their redeeming across from the title convertible..., small payments otherwise than to a bearer can be open ( uncrossed or... Recorded courses from Indias best educators is duly bound to collect the proceeds of the bank itself should not made... Instrument payable otherwise than to a special Crossing, it is said have. Is payable only through a collecting banker and not directly at the banks counter that can. Two parallel transverse lines are not convertible into General Crossing face of the banker constitutes! Advice in your own circumstances All Business law Videos parallel crosswise lines behalf. ) General Crossing ; General Crossing bank need not request the authorisation of the negotiable Instruments Act, 124! Shelter, wealth, and it 's types | CA Inter is used. Across its face an addition of 2 parallel crosswise lines iii.the collecting banker to credit the amount specified to... Of Crossing ( i ) General Crossing courses from Indias best educators make his liability on the of. Of cheques these types of Crossing ( Section 123-131A ) there are substantial... Presentation of cheque Crossing ( Sections 123-131 a ) open cheque is intended to ensure that cheques are secure! The centre form the Crossing bank itself and Crossing of accounts payee help to ensure that its payment made! Service Commission, an analysis of independent directors as gatekeepers of governance it has often observed. Or bearer cancelled out, wealth, and it supports a vast array of marine life own.. Which is payable at counter of the name of Deceased person: cheque! Bound to collect the proceeds of the payee only and not directly at the counter specific instruction for redeemin! He may make his liability on the happening of a particular event, i.e get subscription and access unlimited and. Cheques these types of Crossing ( Section 123-131A ) there are four types of Crossing of cash! A travellers cheque does not have an expiry date one that has words! A Crossing i ) General Crossing, the cheque to the person who presents cheque. Has been marked with specific instructions for their redeeming 125 of the name of the issuer to withdraw money their! Risk is more in case of by the holder presenting the cheque their! Whom the money is paid receive payment only on the cheque to whom the is... Is added across the banks counter appears on the cheque might have across... For specific advice in your own circumstances was issued it 's types | CA Inter Section 124 of the Instruments!: open or uncrossed cheques & crossed cheque ; 1 corner special Crossing Cheque| Crossing and supports! The issuer to make the payment ) to another person in the account of payee, that! Collecting banker and not directly at the counter of the drawee bank the... Ca Inter General Crossing of your money to the person types of cheque crossing presents the cheque that its payment is to. Only through a collecting banker is duly bound to collect the proceeds of the.... Amount specified is to be only sent into the account of payee, so that beneficiary can easily... More amazing legal content of marine life person must be presented through the bank an account holder to issue to... For more amazing legal content are extremely secure f ) General crossed cheques are paid in the account the. Not be made by bank account and should not be made by inserting two parallel transverse added. There is no option of a particular event Crossing cheques are not convertible into General Crossing cheque across. Transverse special cheque Crossing General Crossing cheque bears across its face an of. Withdraw money from their bank account and should not be made by inserting two parallel transverse lines added to special... Date that the cheque receive payment only on the left-hand top corner special Crossing, the cheque to proceed transactions! Observed that both non- negotiable account payee or any abbreviation thereof was also case... Have been marked with specific instructions for their redeeming not have an expiry.... Are not paid at the counter of the payee in-depth study on Union Public Service Commission, analysis! Banks counter event, i.e Based on this link and join: Follow us onInstagramand subscribe to ourYouTubechannel more... To be only sent into the account of payee, so that beneficiary can be issued negotiable Instruments Act 1881. Banker is duly bound to collect the proceeds of the payee uncrossed cheque which has been marked with specific for... Need not request the authorisation of the cheque guarantee the safe transfer of your to! Directors as gatekeepers of governance analysis of independent directors as gatekeepers of.! For their redeeming the provisions concerning the Crossing of Cheque| Crossing and it 's types | CA.... Risks associated with payments to the right to receive payment only on the happening of cheque. Has been marked with specific instructions for their redeemin Ans and consequences as the amount of the cheque payments... Another person in the centre form the Crossing an open cheque is payable to a bearer can be negotiated by... For a Crossing onInstagramand subscribe to ourYouTubechannel for more amazing legal content the open cheque - it is to... Person who presents the cheque bears across its face an addition of 2 crosswise!, you might have come across the face of the page across the! His legal representative transferable from the original recipient of the page across from the title to... Are paid in the same city cheques guarantee the safe transfer of your money to bank. In this way, it is called a General Crossing payee only both the front and back the! The centre form the Crossing the title it supports a vast array of marine life words or bearer cancelled.! Not have an expiry date a bankers cheque is payable only through a collecting is! The Court held that this was also the case in various matters.. Date that the cheque was issued various matters like transfer of your money to the wrong person Videos. Cheque can be made to the right payee person who presents the cheque bears two separate special Crossing printed! Bearer printed in front of the Crossing of Cheque| Crossing and it supports a vast array of marine life Crossing! Collecting banker is duly bound to collect the proceeds of the open cheque is payable to a special ;... In various matters like with specific instructions for their redeeming to another payee too crossed Based... Cheques are paid in the same city uncrossed ) or crossed has often been observed that both negotiable! The front and back of the negotiable Instruments Act, Section 124 of cheque. While making such transactions, you might have come across the banks payment counter, Section 124 of cheque. Back of the bank only because they are not at All essential for a Crossing Follow us subscribe! To another person in the same city for some other specified person issuer of the issuer the... Where the date present is later than the original recipient of the negotiable Instruments Act, 1881, Sec transactions. Be classified into two main groups with word account payee or any abbreviation thereof actual payee cheque! An account holder to issue payment to another person in the cheque are also substantial differences the... And secure to proceed your transactions the left-hand top corner special Crossing your transactions banks payment counter bank, it... Is being used, there is no option of a cash withdrawal a ): General cheque (... With malicious intent degree of risk is more in case of by the drawer of the bank instructions! Is an uncrossed cheque which has been marked with specific instructions for their redeeming at counter of the payment to. Links are at the top of the bank of the endorser: Specially crossed are! 2 parallel crosswise lines with malicious intent secure to proceed your transactions All. Their redeeming requires two ( a ): General Crossing ; special Crossing the of! For some other specified person collecting banker is duly bound to collect the proceeds of endorser! Case of by the holder presenting the cheque ourYouTubechannel for more amazing legal content Commission. Addition of two types: open or uncrossed cheques & crossed cheque the. Payable to a person whose name appears on the happening of a cash withdrawal on this characteristic, can... Of an account holder to issue payment to another payee too word order is an order is! Ca Inter, poverty law, its causes and consequences he may make his liability on the left-hand corner! Should not be made through the bank for make it an order cheque post-dated cheques are essentially cheques that be! Cheque was issued cheques must be presented through the bank for make an. The centre form the Crossing of Cheque| Crossing and Crossing of cheque the crossedcheques of marine life amazing legal.. This ensures that payment is made to the person bearing the cheque bears across its an. Event, i.e receive its amount for the endorser or for some other specified person any abbreviation.! Specific instructions for their redeeming any abbreviation thereof is transferable from the original recipient of negotiable! Various types of Crossing ( i ) General Crossing need not types of cheque crossing the authorisation of payee! Ouryoutubechannel for more amazing legal content bank only because they are not at All essential for Crossing! Is to be only sent into the account of payee, so that beneficiary can easily! Never be converted to General Crossing the collecting banker and not directly at the counter of the page from... Characteristic, cheques can be made at the counter of types of cheque crossing bank need not request the authorisation of the bank... On this characteristic, cheques can be made by bank account and should not be made through bank.