A cheque which is crossed by two parallel lines on the top left side is called a

Bearer cheque

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Bank cheque

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Crossed cheque

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Traveller’s cheque

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Solution

The correct option is C
Crossed cheque

A cheque which is crossed by two parallel lines on the top left side is called crossed cheque. Such a cheque is not encashable immediately and has to be deposited into the payee’s account.

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Similar questions

State True or False. Crossed cheque provides a level of security to the payer than a bearer cheque.

State True or False. A crossed cheque can be crossed over the entire cheque or on the top right corner of it.

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