Question

What are the types of cheques that we used in banks and how we deposit the money in others bank account and give a brief description about the check that we used in bank?

Answer 1

Crossing of cheque means drawing two parallel lines on the face of the cheque with or without additional words like "& CO." or "Account Payee" or "Not Negotiable". A crossed cheque cannot be encashed at the cash counter of a bank but it can only be credited to the payee's account.