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Based on the location cheques are classified as
1. Local &
2. Outstation cheques
Based on its value they are classified as
1. Normal &
2. High Value cheques
Cheques r mainly of four types 1)open 2)bearer 3)order 4)crossed 1) open cheques r those which r paid across the bank counter 2) bearer cheque are to be paid to the bearer of the cheque 3) order cheque is to be paid to the payee in person 4) crossed cheque to be paid to the payee's account on submission
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Why cheques are not considered as part of money supply?
what is a cheques
What is public revenue in India?
The revenue received by the govt. of india from all its resouerces is know as Public Revenue. There are twi types of revenues:- 1) Tax Revenue 2) Non-Tax revenue - sub-types a) Commerrcial Revenue b)Fee etc..
What is a collecting banker?
A collecting banker is one who undertakes to collect the amount of a cheques & bills for his customer from the paying banker. A banker is under no legal obligation to collect cheques drawn upon other banks for a customer. But this function is performed by every modern bank.
How do you work out exchange rate?
...to get a very close approximation of real exchange rates you would pay Or if you will be purchasing from a local bank, find out from the bank's website what their exchange rates are. There are 5 major types of rates: TT (electronic Teller Transaction?), Notes, Sight Bill, Checks/Cheque, Draft. The 3 most commonly used are TT, Notes, and Cheques. TT is the electronic rate that you receive at the ATM, swift/wire transfer, or when using credit/debit card transaction. Notes are physical fiat currency bills, such as physical USD, GBP, AUD, etc that you use to pay at the store. There may be different rates for different denominations. Usually larger denominations get a better exchange rate: USD $100 and $50 bills will get a better exchange rate than $10 or $5 bill. Cheques may refer to Traveler's Cheques, (AMEX), but could also refer to cheques issued from any bank. So check the specific bank description to be sure. Generally speaking, traveler's cheques get a better rate, but there are fees to cash them (usually 1%) which offset the better rate. Use the largest Traveler's Cheque denomination possible to get the best exchange rate. Save I may update later to explain about the other 2 types.
Why in India agriculture is a primary activity?
In India agriculture is a primary activity because of the following reasons:- (a) as the soil of India is too fertile many types of crops can be grown each year. (b) 66.66% of Indian population depend upon agriculture (c) large amount of food is required to fulfill the needs of Indian population.
What are the types of errors you would notice while doing a Bank Reconciliation Statement?
NSF Cheques Deposits in Transit Outstanding Cheques Bank Service Fees Various types of Cheque Errors Interest Payments
How many months a cheque valid in India?
All cheques are valid for 6 month from date of Issue
Can ICICI cheques from India be cashed in Kathmandu?
since icici bank has no branch in kathmandu .. so it's not possible.
What methods can be used to deposit cash and cheques to a business bank account?
By usin cheques,it can be a cross cheques or open cheques
Why cheques are not considered as part of money supply?
what is a cheques
What types of university has in India?
i want to how many types of univesity in India
Can cheques be falsified?
Yes. Cheques can be falsified but it is illegal. Only banks can issue Cheques to their customers. No one else is authorized or rather supposed to print Cheques. If anyone is found/caught printing/using bogus or fake Cheques they can be legally prosecuted and jailed for it.
What are the Various types of index used in India?
what are the various types of index in India
What types of Dogs are found in India?
The types of dogs in INdia are, Bulldog, Pomereinian,
What is the meaning of Non Micr cheques?
Defination for NON-MICR CHEQUES
Different types of ants in India?
how many types of ants are there in India. name some.
How many types of calendars are used in India?
there are nine types of calendars used in India
