Even if these are presented to the bank by the bearer immediately, the payment is processed by the bank only on the date mentioned on the cheque. Post-dated Cheque: It has a later date of being encashed and can be used to meet a future financial obligation. These lines ensure that the payment is made only to the person whose name is written on the cheque and hence are the safest types of cheques to issue. On the top left corner of the cheque, it has the words ‘’account payee’’ written enclosed in two parallel lines.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |