Cheque which is crossed can be en-cashed through which of the following medium?

Through SBI

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Through the payee

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Through any bank

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D Through any bank
A crossed cheque is any cheque that is crossed with two parallel lines on the top left-hand corner of the cheque. It symbolises that the cheque can only be deposited directly into a bank account of the payee and cannot be immediately cashed by a bank or any other credit institution.

Suggest Corrections

Similar questions

Against which of the following bank deposits can a cheque be issued?

Prepare a Bank Reconciliation Statement on 31 March 2004 for the following when debit balance of pass book is Rs. 10,000:

(1) Cheque amounting to Rs.8,000 drawn on 25th of March of which cheques of Rs.5,000 cashed in April 2004.

(2) Cheques paid into Bank for collection to Rs.5,000 but cheques of Rs.2,200 could only be collected in March 2004..

(3) Bank charges Rs.25 and dividend of Rs.350 on investment collected by bank could not be shown in cash book.

(4) A cheque of Rs.600 debited in cash book omitted to be banked.

Join BYJU'S Learning Program