Would curb black money flow, and money laundering too. Aswanth-You can deposit where you have account. Most of the people are confused with the terms used in cheques like, The person who signs the cheque and orders the payment is referred as the drawer.

order him to present original copy. Sumit-You can add the name and deposit but with the consent of the cheque issuer. Based on the legal terms, if you have written a cheque then only you hold the authority to ‘uncross’ the cheque by mentioning CROSSING CANCELLED right above the crossing and then signing it. So, make sure you use the correct crossing on your cheque to avoid mishandling of the cheque. Subash-I am not sure, but probably payee name. For that, he don’t need your bank details. I have my salary A\C in axis bank, also I have my personal A\C in SBI. The usefulness or significance of this crossing is that the cheque should essentially be paid only to the banker. so this chq is only be deposited in account or is there any possibility payee can collect from the cash counter? This is the first time I am reading your blog. Normally cheques are crossed on left top corner of a cheque, because such crossing is prominently visible to whosoever handles it. James-Rs.6,000 is too much penalty. Please check with your bank for process. I’ve accounts in Bank A and Bank B. What’s the process for transferring amount from A to B by way of cheque. I received a payee check from but in this check written is pay to Zain malik or bearer bearer word is not canceled this type of check can cash anyone. please help me….. Sir can I have received an account payee cheque so can I deposit it in any United bank of India branch or do I have to deposit it in my home branch or can I deposit the cheque into any United bank of India branch… The cheque is from an Sbi account. for how many days the cheque will be valid if not submitted? Very good post. My name is on there where writtten ‘ or order order means? I had issued a checque in name of Mr. Sham for RS 25000/- and submitted to ICICI bank . Hence, in your case it is delay. You notice that along with crossing two lines at the corner you also need to write as “A/C Payee Only”. You might have noticed two slanted parallel lines at the left upper corner of the cheque. Clipping is a handy way to collect important slides you want to go back to later. Sir , I’m SK . Pls clarify. In this case Can I drop the cheque in any branch of bank B. you ask them to produce the sales tax filed copies/ annexeres to prove that he had really billed at least, second ask him to show thr transporter who had moved the goods, his Lorry receipts / payment received for freight etc, which also could prov that he jad really supplied. Sir the cheque had simple crossed and my name mentioned by drawer just after pay xyz, I didn’t know much about cheque and Dropbox, what should do or what should not do before drop it before, one of bank employee mention your name and mobile no. Check with bank. he have right to take legal action on me. Shivaraj-Great to know and thanks for update. I Have Saving Account & I Deposited A Cheque Today But On Slip I Got Stamp SBI – CCPC With Some Number : WHY ? Enlightening stuff … thanks a lot the information, Basavaraj. 2 Thomas More Square There are four types of crossing that have varying degrees of security but the most secure, and the most commonly used crossing today, is the ‘A/C Payee’ or ‘A/C Payee Only’ crossing and it is the only crossing which is backed by legislation. The legislation means that a cheque which bears the ‘A/C Payee Only’ crossing can only be paid into an account in the name of the person who has received the cheque (i.e. DOWNLOAD THAT BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { http://bit.ly/2m6jJ5M } ......................................................................................................................... Download Full EPUB Ebook here { http://bit.ly/2m6jJ5M } ......................................................................................................................... Download Full doc Ebook here { http://bit.ly/2m6jJ5M } ......................................................................................................................... Download PDF EBOOK here { http://bit.ly/2m6jJ5M } ......................................................................................................................... Download EPUB Ebook here { http://bit.ly/2m6jJ5M } ......................................................................................................................... Download doc Ebook here { http://bit.ly/2m6jJ5M } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book that can be read by using a personal computer or by using an eBook reader. For eg: I received a cheque Payee: Rahul Shrikant Belsare A/c 123456789. Legally, if you have written the cheque you are entitled to ‘uncross’ the cheque by writing CROSSING CANCELLED over the crossing and then signing it, but it is not recommended that this is done as it removes your legal protection against fraud and loss.

Please try again later. Even if Mr.X claim that he not received the money, then you can show this transaction where he issued in return to Mr.Y by endorsing on cheque. so i think in united arab , banks r practising very nice method…..whts ur opinion?? I have received cheque from my past company but in the top of left side they have written a/c payee only and in the cheque there is company name is written if there any chance to bounce the cheque please tell me, Sir I have given an 100000 rupees check to a person bt in the numerical word I have written it in this way 100000=00, bt in word I have write correctly ‘one lakh rupees ‘ So my question is tht sir The numerical amount I have used this ‘= ‘sign can tht person coverts this ‘=’ sign into ‘ 0’ or he can convert 100000 into 1000000 or more or he can misuse of tht check. The Cheques Act 1992 and Section 81 of the Bills of Exchange Act 1882 give statutory power to the ‘A/C Payee’ and ‘A/C Payee Only’ crossing, when it is used.

361 355 79. on my pass book my whole name with the surname is written. No! When people applies for a loan, the banks are asking empty checks with only signed and To field written on it, but without amount and date mentioned. Also any consequence of withdrawing 10L and giving it to him in cash? I asked the senior in charge at that time, and she simply responded if in doubt we should have responded to the sms notification with a stop instruction. Moreover, the addition of the words ‘A/C Payee Only’ should not be considered a material alteration of the cheque. Excellent Blog sir, I wish to ask one question. London E1W 1YN 2) Special or Restrictive crossing. Please consult a lawyer. Guganesh-You can deposit the cheque where you have bank account. With regards to a cheque crossed ‘A/C Payee Only’ or ‘A/C Payee’ the relevant legislation means that a cheque that bears one of these crossings can only be paid into an account in the name of the person who has received the cheque (the payee) exactly as it appears on the cheque.



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