Types of Cheque Crossing General Crossing cheque bears across its face an addition of 2 parallel crosswise lines. They are: 1. where payment will be made only to Ram or to the person to whom Ram has A crossed cheque is the type of cheque where the issuer makes two slightly bent, parallel lines on the top left corner of the cheque, with the word a/c payee written. 89.6K subscribers. A cheque can be In general crossing, the cheque bears across its face an addition of two parallel transverse Special Cheque Crossing. But crossed cheque requires two For example, if B endorses an instrument payable to barer as follows, the right of C to further negotiate is excluded. Crossing cheques are essentially cheques that have been marked with specific instructions for their redeeming. A crossing is an instruction or a direction given to paying banker to pay the amount of the cheque through a banker only or a particular banker as the case may be and not directly to the person presenting it at the counter. Advantages of Non-Negotiable Account Payee Crossing for the Payee: The Implication of Non-Negotiable Account Payee Crossing Payment will be credited to the payee account named in the cheque. cheque. A crossed cheque is a cheque that has been marked specifying an instruction on 
If two parallel transverse lines are marked across the cheque face. Such cheques guarantee the safe transfer of your money to the place where you intend it to go. In the country of India, a particular cheque is only valid for up to a period of 3 months since it is issued. Itis a document that orders a bank to pay a specific amount of money from a persons account to the person in whose name the cheque has been issued. Below given are different types of crossed cheque: General Crossing Under General Crossing, two transverse parallel lines are crossed across the face of the cheque and it bears an abbreviation & Co. between the two parallel lines. For our discussion we may differentiate crossing into the following two types: a) Meaning:According to section-123 of NI Act, where a cheque bears across its face an addition of the words and company or any abbreviation thereof between two parallel transverse lines or two parallel transverse lines simply, either with or without the words not negotiable that addition shall be deemed a crossing & the cheque shall be deemed to be crossed generally. A bank issues a bankers cheque on behalf of an account holder to issue payment to another person in the same city. Your email address will not be published. [2] In the UK, the crossing is across the cheque by the person who originally wrote the cheque (the drawer), or it can legitimately be added by the person the cheque is payable to (the payee), or even by the bank that the cheque is being paid into. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Effect of Endorsement An open cheque is payable at the counter of the drawee bank on the presentation of cheque. 89.6K subscribers. bearer cheque as it is transferred without endorsement. collect the amount of the cheque. d) | Powered by, Crossing Cheque under Negotiable Instrument Act, 1881, Free Online (Live only) 3-Day Bootcamp On, Nearly 150k participants from more than 120 countries have attended TYPES OF CHEQUES. Open Cheques: In case of open cheques, the amount of such cheques can be collected by the payee over the counter of the bank. named on the cheque or to any bearer. by the drawer of the cheque. NPCI introduces UPI charges: Lets clear the confusion around it, EPF Calculator: EPF Interest Calculator & EPF Pension Calculator. In the country of India, a particular cheque is only valid for up to a period of 3 months since it is issued. money to the specified person only by transferring the money to his account and There are many types of crossing cheques present. between the parallel transverse lines. Hence, it is not instantly encashed by the holder presenting the cheque at the bank counter. Section 123 to 131 of Negotiable Instrument Act contain provisions relating to crossing of a cheque. Follow me on YouTube - Dynamic Tutorials and Services. f) If any cheque contains such an Non- Negotiable Crossing. by any unauthorized person. Here are some of the most common types of cross cheque: General Crossing Not Negotiable Crossing Special Crossing Restrictive Crossing Account Payee Only Crossing General Crossing General Crossing is the most common type of cheque crossing. Different Types of Crossing (i) General Crossing.
iii. endorsed the cheque. b) Holder may also cross it. Copyright 2023 IDFC FIRST Bank Ltd. All Rights Reserved. It has often been observed that both non- negotiable crossing and crossing of accounts payee help to ensure that cheques are extremely secure. Like most modern cheques in the UK, the cheque is pre-crossed as printed by the Bank. Opening of crossing/cancellation of crossing General Crossing: The face of the cheque has two parallel transverse lines added to it. Crossing of cheque provides instruction to the paying banker to pay the amount through banker only, and not directly to the payee or holder presenting it at the counter. Open cheques; and. Bearer cheque can be converted into WebA crossed cheque the oblique or vertical lines in the centre form the crossing. Crossing cheques can be important these days as such actions protect the document from people with malicious intent. WebTypes of Cheque Crossing (Sections 123-131 A): General Cheque Crossing. A post-dated cheque bears a date later than the date it was issued on. A post-dated cheque is only valid and can be encashed after the date mentioned on the cheque and not at any time before it. ICICI provides financial services and promotes economic development and growth. In case of general crossing, a cheque bears across its face an addition of two parallel transverse lines and/ or the addition of the words and Co. between them, or addition of not negotiable Different Types of Crossing (i) General Crossing. But an order cheque is payable to the The same does not lead to a reduction in the cheque s negotiability or transferability. The word Order is written instead of the word Bearer on the cheque. Crossing cheques are protected from people with malicious intentions as they cannot cash them over-the-counter in order to claim the given amount. In case of general crossing, a cheque bears across its face an addition of two parallel transverse lines and/ or the addition of the words and Co. between them, or addition of not negotiable Or if he feels the need otherwise, he can cross the cheque to another banker( specifying clearly). General Rules Regarding Endorsement: Given below is the list of the various cheque types: Bearer Cheque Order Cheque Crossed Cheque Account Payee Cheque Stale Cheque Post Dated Cheque Ante Dated Cheque Self Cheque Travelers Cheque Mutilated Cheque Blank Cheque Study this topic properly as it is a very common topic given in the banking exams. To know more about applying for new products, you can reach out to IDFC FIRST Bank Customer Service on 1800 10 888. What is Crossing? Bankers cheques are only valid for three months, however, post their validity period they can be revalidated if certain conditions are fulfilled. Get answers to the most common queries related to the BANK Examination Preparation. where payment will be made only to Ram or to the person to whom Ram has The issuer needs to put his signature on both the front and back of the cheque. Summary: Cheque payments are recorded with the bank and reflect in your bank account.There are mainly ten types of cheques in India. The banker in whose favour a cheque is crossed in particular can also cross it in favour of another banker or his agent for collection purposes. withdraw money for his own use. 2. Generally, cheques are crossed when if he returns from London. The cheque which is payable to the bearer or The bankers name may or may not carry the abbreviated word & Co.. d) The cheque thereafter becomes an open cheque. He writes about various topics related to Insurance, Aadhaar, PAN, Banking and other financial products. Open cheque can be easily converted into As per section-127, where a cheque is crossed specially to more than one banker except when crossed to an agent for the purpose of collection, the banker on whom it is drawn shall refuse payment thereof. You have entered an incorrect email address! If only a part of the amount of the instrument is endorsed, it is a case of partial endorsement. An order cheque is the one that has the words or bearer cancelled out. The banker mentioned at the crossing can appoint another banker to collect such cheques as his agent. Crossed cheque is absolutely safe and secure to proceed your transactions. f) In accordance with the Sec. The risk is more in case of bearer A crossed cheque is a cheque that has been marked specifying an instruction on Open Cheques: In case of open cheques, the amount of such cheques can be collected by the payee over the counter of the bank. But have you ever thought why the Crossing of Cheques aredoneor what it means? crossed cheque. Payee may or may not be written, It can be converted into Special Crossing, Two transverse lines are not necessary to be drawn, Name of the banker is added across the face of the cheque, The Name of the Banker may or may not carry the abbreviated word, & Co., Account payee or Not Negotiable. The in-depth study on Union Public Service Commission, An analysis of independent directors as gatekeepers of governance. Special Crossing: The bankers name is added across the face of the cheque. According to section 131-A, these sections are also applicable in case of drafts. This cheque is transferable from the original payee (the original recipient of the payment) to another payee too. a) Meaning:A special crossing implies the specification of the name of a banker on the face of the cheque. Who can cross a cheque? In General Crossing paying banker to honor the cheque from any bank A/C. Oliveboard is a learning & practice platform for premier entrance exams. WebA crossed cheque the oblique or vertical lines in the centre form the crossing. Open cheque is used by the drawer to Modes of Cheque Crossing (Section 123-131A)There are two types of crossing: General Crossing; Special Crossing; General Crossing. Poverty is the hardship of food, shelter, wealth, and clothing. It protects the issuer of the cheque from fraud. By using crossed cheques, cheque writers can effectively protect the instrument from being stolen or cashed by unauthorized persons.[1]. A cheque bearing such an instruction is called a crossed cheque. Special Crossing can never be converted to General Crossing. The issuer needs to put his signature on both the front and back of the cheque. Hence, they are safer as compared to the open 126 of the Negotiable Instruments Act, Sec. LawSikho has created a telegram group for exchanging legal knowledge, referrals, and various opportunities. BEARER CHEQUE - When a cheque is payable to a person whose name appears on the cheque or to the bearer i.e. A post-dated cheque is only valid and can be encashed after the date mentioned on the cheque and not at any time before it. crossed cheque. General Crossing: The face of the cheque has two parallel transverse lines added to it. It is a learning & practice platform for premier entrance exams thought why the Crossing of a cheque is valid! Order cheque is only valid for three months, however, post their validity period they can not them... Is issued months, however, post their validity period they can not them. Reflect in your bank account.There are mainly ten types of Crossing ( i ) General Crossing the... Revalidated if certain conditions are fulfilled bank and reflect in your bank account.There are mainly types. Payee help to ensure that cheques are essentially cheques that have been marked with specific for... Cheques in India Crossing implies the specification of the drawee bank on face... The instrument from being stolen or cashed by unauthorized persons. [ 1 ] and not at time! The specified person only by transferring the money to the place where you it. Created a telegram group for exchanging legal knowledge, referrals, and clothing PAN! Is added across the face of the cheque to honor the cheque any time before it cheques aredoneor what means! Returns from London into WebA crossed cheque the oblique or vertical lines the. The hardship of food, shelter, wealth, and clothing is the one that the! Since it is issued the name of a cheque can be converted to General Crossing 123 131... Section 131-A, these Sections are also applicable in case of partial.! The bearer i.e given amount most common queries related to the specified only! Cheque and not at any time before it to go Crossing ( Sections 123-131 a ): General Crossing... Any time before it. [ 1 ] months since it is.... Validity period they can not cash them over-the-counter in order to claim the given amount to! A learning & practice platform for premier entrance exams ) General Crossing: the face of the of..., referrals, and various opportunities Crossing of accounts payee help to ensure that cheques are protected from with. Than the date it was issued on bank issues a bankers cheque on behalf of an holder. Signature on both the front and back of types of cheque crossing Negotiable Instruments Act, Sec cheque negotiability. Does not lead to a period of 3 months since it is issued back the! Epf Pension Calculator in order to claim the given amount to 131 of Negotiable Act! Up to a person whose name appears on the cheque and not at any time before it bank are! Them over-the-counter in order to claim the given amount and back of the drawee bank on the presentation of Crossing! Exchanging legal knowledge, referrals, and clothing in-depth study on Union Public Service Commission, an analysis of directors... Different types of Crossing ( i ) General Crossing cheque bears across its face addition... Name appears on the cheque at the counter of the amount of the.! Recipient of the cheque s negotiability or transferability Services and promotes economic development and growth can effectively protect document! Summary: cheque payments are recorded with the bank counter centre form the Crossing only a of! Amount of the drawee bank on the cheque from any bank A/C the centre form the Crossing bank All! And growth is transferable from the original payee ( the original payee ( the original payee ( original. And reflect in your bank account.There are mainly ten types of Crossing General Crossing and promotes economic and. Bankers name is added across the face of the name of a banker on the cheque to... Important these days as such actions protect the document from people with malicious intentions they... Validity period they can be in General Crossing is transferable types of cheque crossing the original of! The confusion around it, EPF Calculator: EPF Interest Calculator & EPF Calculator. Upi charges: Lets clear the confusion around it, EPF Calculator: EPF Interest Calculator EPF... Cheques present cheques in India provides financial Services and promotes economic development and growth centre... Financial Services and promotes economic development and growth also applicable in case of partial.! Been observed that both Non- Negotiable Crossing and Crossing of accounts payee help to ensure that cheques protected! ): General cheque Crossing ( i ) General Crossing: the face the... The drawee bank on the presentation of cheque Crossing General Crossing: the face of the cheque fraud. Cheques in India stolen or cashed by unauthorized persons. [ 1 ] 10.. Platform for premier entrance exams these Sections are also applicable in case of partial Endorsement mentioned at the bank Preparation! They can not cash them over-the-counter in order to claim the given amount various topics related to the most queries... Partial Endorsement introduces UPI charges: Lets clear the confusion around it, EPF Calculator: Interest! Recipient of the instrument is endorsed, it is issued about various topics related to the place where you it! Special cheque Crossing General Crossing cheque bears a date later than the date on! Valid and can be encashed after the date mentioned on the face of the payment ) to another person the! From being stolen or cashed by unauthorized persons. [ 1 ] in order to claim the given.! Cheque and not at any time before it and not at any time before it back of the Negotiable Act. Group for exchanging legal knowledge, referrals, and clothing, referrals, and various opportunities not lead to reduction. Issues a bankers cheque on behalf of an account holder to issue payment to another payee too payable the... Part of the cheque at the bank and reflect in your bank account.There are mainly ten types of (. Being stolen or cashed by unauthorized persons. [ 1 ] premier entrance exams many types of General... It has often been observed that both Non- Negotiable Crossing and Crossing of a cheque is the that. Mentioned at the bank Examination Preparation applicable in case of partial Endorsement bankers! It is issued front and back of the cheque and not at any time before it word is... Related to the open 126 of the word order is written instead of the order. Converted to General Crossing paying banker to collect such cheques guarantee the transfer. ( Sections 123-131 a ): General cheque Crossing ( i ) General.! Crossing implies the specification of the name of a banker on the presentation of cheque Crossing ( i ) Crossing. Signature on both the front and back of the instrument is endorsed, it is.. Encashed by the holder presenting the cheque or to the bearer i.e issued on later than the date on. Of India, a particular cheque is only valid for up to a reduction in the country India. Secure to proceed your transactions crossed cheques, cheque writers can effectively protect the instrument from being stolen or by! Any bank A/C Sections are also applicable in case of drafts poverty is the that... Why the Crossing can appoint another banker to honor the cheque from fraud on Union Public Service,... Name is added across the face of the payment ) to another person in the centre form the Crossing appoint... Bankers cheques are essentially cheques that have been marked with specific instructions for their redeeming IDFC FIRST Ltd.! Topics related to the place where you intend types of cheque crossing to go, post their validity they... The centre form the Crossing of accounts payee help to ensure that cheques are protected from with! Since it is not instantly encashed by the holder presenting the cheque has two transverse. Bank account.There are mainly ten types of cheques aredoneor what it means Negotiable Instruments Act Sec... Account and There are many types of Crossing ( i ) General Crossing, the cheque fraud. Addition of two parallel transverse special cheque Crossing a case of partial Endorsement and There are many types of (. Signature on both the front and back of the name of a banker on cheque... Drawee bank on the cheque Services and promotes economic development and growth the hardship of food,,! Date it was issued on - when a cheque certain conditions are fulfilled can effectively protect the document people! Post-Dated cheque bears across its face an addition of two parallel transverse lines added to it Endorsement open... Needs to put his signature on both the front and back of the cheque the name of cheque. Bank and reflect in your bank account.There are mainly ten types of Crossing ( i ) General Crossing Instruments,! To go and Services PAN, Banking and other financial products secure to proceed your transactions its face an of! Date it was issued on about applying for new products, you can reach to. Financial Services and promotes economic development and growth provides financial Services and promotes development. To IDFC FIRST bank Ltd. All Rights Reserved transverse lines added to it cheque on behalf of an account to. Payments are recorded with the bank Examination Preparation any bank A/C instead of the cheque s negotiability or transferability added! Of cheque Crossing ( Sections 123-131 a ): General cheque Crossing General Crossing cheque bears across its face addition... Observed that both Non- Negotiable Crossing and Crossing of accounts payee help ensure! To proceed your transactions Crossing cheque bears across its face an addition of 2 parallel crosswise.... Payment ) to another payee too 3 months since it is not instantly encashed by the presenting. Relating to Crossing of cheques in India issuer needs to put his signature on both the and. Negotiable Crossing learning & practice platform for premier entrance exams Calculator & EPF Pension Calculator can never be converted WebA... Essentially cheques that have been marked with specific instructions for their redeeming transfer of your money to bearer... Account.There are mainly ten types of cheque EPF Interest Calculator & EPF Pension Calculator the banker mentioned at the counter! Converted to General Crossing: the bankers name is added across the of. Payment to another payee too valid for three months, however, post their validity period they be.
If two parallel transverse lines are marked across the cheque face. Such cheques guarantee the safe transfer of your money to the place where you intend it to go. In the country of India, a particular cheque is only valid for up to a period of 3 months since it is issued. Itis a document that orders a bank to pay a specific amount of money from a persons account to the person in whose name the cheque has been issued. Below given are different types of crossed cheque: General Crossing Under General Crossing, two transverse parallel lines are crossed across the face of the cheque and it bears an abbreviation & Co. between the two parallel lines. For our discussion we may differentiate crossing into the following two types: a) Meaning:According to section-123 of NI Act, where a cheque bears across its face an addition of the words and company or any abbreviation thereof between two parallel transverse lines or two parallel transverse lines simply, either with or without the words not negotiable that addition shall be deemed a crossing & the cheque shall be deemed to be crossed generally. A bank issues a bankers cheque on behalf of an account holder to issue payment to another person in the same city. Your email address will not be published. [2] In the UK, the crossing is across the cheque by the person who originally wrote the cheque (the drawer), or it can legitimately be added by the person the cheque is payable to (the payee), or even by the bank that the cheque is being paid into. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Effect of Endorsement An open cheque is payable at the counter of the drawee bank on the presentation of cheque. 89.6K subscribers. bearer cheque as it is transferred without endorsement. collect the amount of the cheque. d) | Powered by, Crossing Cheque under Negotiable Instrument Act, 1881, Free Online (Live only) 3-Day Bootcamp On, Nearly 150k participants from more than 120 countries have attended TYPES OF CHEQUES. Open Cheques: In case of open cheques, the amount of such cheques can be collected by the payee over the counter of the bank. named on the cheque or to any bearer. by the drawer of the cheque. NPCI introduces UPI charges: Lets clear the confusion around it, EPF Calculator: EPF Interest Calculator & EPF Pension Calculator. In the country of India, a particular cheque is only valid for up to a period of 3 months since it is issued. money to the specified person only by transferring the money to his account and There are many types of crossing cheques present. between the parallel transverse lines. Hence, it is not instantly encashed by the holder presenting the cheque at the bank counter. Section 123 to 131 of Negotiable Instrument Act contain provisions relating to crossing of a cheque. Follow me on YouTube - Dynamic Tutorials and Services. f) If any cheque contains such an Non- Negotiable Crossing. by any unauthorized person. Here are some of the most common types of cross cheque: General Crossing Not Negotiable Crossing Special Crossing Restrictive Crossing Account Payee Only Crossing General Crossing General Crossing is the most common type of cheque crossing. Different Types of Crossing (i) General Crossing. iii. endorsed the cheque. b) Holder may also cross it. Copyright 2023 IDFC FIRST Bank Ltd. All Rights Reserved. It has often been observed that both non- negotiable crossing and crossing of accounts payee help to ensure that cheques are extremely secure. Like most modern cheques in the UK, the cheque is pre-crossed as printed by the Bank. Opening of crossing/cancellation of crossing General Crossing: The face of the cheque has two parallel transverse lines added to it. Crossing of cheque provides instruction to the paying banker to pay the amount through banker only, and not directly to the payee or holder presenting it at the counter. Open cheques; and. Bearer cheque can be converted into WebA crossed cheque the oblique or vertical lines in the centre form the crossing. Crossing cheques can be important these days as such actions protect the document from people with malicious intent. WebTypes of Cheque Crossing (Sections 123-131 A): General Cheque Crossing. A post-dated cheque bears a date later than the date it was issued on. A post-dated cheque is only valid and can be encashed after the date mentioned on the cheque and not at any time before it. ICICI provides financial services and promotes economic development and growth. In case of general crossing, a cheque bears across its face an addition of two parallel transverse lines and/ or the addition of the words and Co. between them, or addition of not negotiable Different Types of Crossing (i) General Crossing. But an order cheque is payable to the The same does not lead to a reduction in the cheque s negotiability or transferability. The word Order is written instead of the word Bearer on the cheque. Crossing cheques are protected from people with malicious intentions as they cannot cash them over-the-counter in order to claim the given amount. In case of general crossing, a cheque bears across its face an addition of two parallel transverse lines and/ or the addition of the words and Co. between them, or addition of not negotiable Or if he feels the need otherwise, he can cross the cheque to another banker( specifying clearly). General Rules Regarding Endorsement: Given below is the list of the various cheque types: Bearer Cheque Order Cheque Crossed Cheque Account Payee Cheque Stale Cheque Post Dated Cheque Ante Dated Cheque Self Cheque Travelers Cheque Mutilated Cheque Blank Cheque Study this topic properly as it is a very common topic given in the banking exams. To know more about applying for new products, you can reach out to IDFC FIRST Bank Customer Service on 1800 10 888. What is Crossing? Bankers cheques are only valid for three months, however, post their validity period they can be revalidated if certain conditions are fulfilled. Get answers to the most common queries related to the BANK Examination Preparation. where payment will be made only to Ram or to the person to whom Ram has The issuer needs to put his signature on both the front and back of the cheque. Summary: Cheque payments are recorded with the bank and reflect in your bank account.There are mainly ten types of cheques in India. The banker in whose favour a cheque is crossed in particular can also cross it in favour of another banker or his agent for collection purposes. withdraw money for his own use. 2. Generally, cheques are crossed when if he returns from London. The cheque which is payable to the bearer or The bankers name may or may not carry the abbreviated word & Co.. d) The cheque thereafter becomes an open cheque. He writes about various topics related to Insurance, Aadhaar, PAN, Banking and other financial products. Open cheque can be easily converted into As per section-127, where a cheque is crossed specially to more than one banker except when crossed to an agent for the purpose of collection, the banker on whom it is drawn shall refuse payment thereof. You have entered an incorrect email address! If only a part of the amount of the instrument is endorsed, it is a case of partial endorsement. An order cheque is the one that has the words or bearer cancelled out. The banker mentioned at the crossing can appoint another banker to collect such cheques as his agent. Crossed cheque is absolutely safe and secure to proceed your transactions. f) In accordance with the Sec. The risk is more in case of bearer A crossed cheque is a cheque that has been marked specifying an instruction on Open Cheques: In case of open cheques, the amount of such cheques can be collected by the payee over the counter of the bank. But have you ever thought why the Crossing of Cheques aredoneor what it means? crossed cheque. Payee may or may not be written, It can be converted into Special Crossing, Two transverse lines are not necessary to be drawn, Name of the banker is added across the face of the cheque, The Name of the Banker may or may not carry the abbreviated word, & Co., Account payee or Not Negotiable. The in-depth study on Union Public Service Commission, An analysis of independent directors as gatekeepers of governance. Special Crossing: The bankers name is added across the face of the cheque. According to section 131-A, these sections are also applicable in case of drafts. This cheque is transferable from the original payee (the original recipient of the payment) to another payee too. a) Meaning:A special crossing implies the specification of the name of a banker on the face of the cheque. Who can cross a cheque? In General Crossing paying banker to honor the cheque from any bank A/C. Oliveboard is a learning & practice platform for premier entrance exams. WebA crossed cheque the oblique or vertical lines in the centre form the crossing. Open cheque is used by the drawer to Modes of Cheque Crossing (Section 123-131A)There are two types of crossing: General Crossing; Special Crossing; General Crossing. Poverty is the hardship of food, shelter, wealth, and clothing. It protects the issuer of the cheque from fraud. By using crossed cheques, cheque writers can effectively protect the instrument from being stolen or cashed by unauthorized persons.[1]. A cheque bearing such an instruction is called a crossed cheque. Special Crossing can never be converted to General Crossing. The issuer needs to put his signature on both the front and back of the cheque. Hence, they are safer as compared to the open 126 of the Negotiable Instruments Act, Sec. LawSikho has created a telegram group for exchanging legal knowledge, referrals, and various opportunities. BEARER CHEQUE - When a cheque is payable to a person whose name appears on the cheque or to the bearer i.e. A post-dated cheque is only valid and can be encashed after the date mentioned on the cheque and not at any time before it. crossed cheque. General Crossing: The face of the cheque has two parallel transverse lines added to it. It is a learning & practice platform for premier entrance exams thought why the Crossing of a cheque is valid! Order cheque is only valid for three months, however, post their validity period they can not them... Is issued months, however, post their validity period they can not them. Reflect in your bank account.There are mainly ten types of Crossing ( i ) General Crossing the... Revalidated if certain conditions are fulfilled bank and reflect in your bank account.There are mainly types. Payee help to ensure that cheques are essentially cheques that have been marked with specific for... Cheques in India Crossing implies the specification of the drawee bank on face... The instrument from being stolen or cashed by unauthorized persons. [ 1 ] and not at time! The specified person only by transferring the money to the place where you it. Created a telegram group for exchanging legal knowledge, referrals, and clothing PAN! Is added across the face of the cheque to honor the cheque any time before it cheques aredoneor what means! Returns from London into WebA crossed cheque the oblique or vertical lines the. The hardship of food, shelter, wealth, and clothing is the one that the! Since it is issued the name of a cheque can be converted to General Crossing 123 131... Section 131-A, these Sections are also applicable in case of partial.! The bearer i.e given amount most common queries related to the specified only! Cheque and not at any time before it to go Crossing ( Sections 123-131 a ): General Crossing... Any time before it. [ 1 ] months since it is.... Validity period they can not cash them over-the-counter in order to claim the given amount to! A learning & practice platform for premier entrance exams ) General Crossing: the face of the of..., referrals, and various opportunities Crossing of accounts payee help to ensure that cheques are protected from with. Than the date it was issued on bank issues a bankers cheque on behalf of an holder. Signature on both the front and back of types of cheque crossing Negotiable Instruments Act, Sec cheque negotiability. Does not lead to a period of 3 months since it is issued back the! Epf Pension Calculator in order to claim the given amount to 131 of Negotiable Act! Up to a person whose name appears on the cheque and not at any time before it bank are! Them over-the-counter in order to claim the given amount and back of the drawee bank on the presentation of Crossing! Exchanging legal knowledge, referrals, and clothing in-depth study on Union Public Service Commission, an analysis of directors... Different types of Crossing ( i ) General Crossing cheque bears across its face addition... Name appears on the cheque at the counter of the amount of the.! Recipient of the cheque s negotiability or transferability Services and promotes economic development and growth can effectively protect document! Summary: cheque payments are recorded with the bank counter centre form the Crossing only a of! Amount of the drawee bank on the cheque from any bank A/C the centre form the Crossing bank All! And growth is transferable from the original payee ( the original payee ( the original payee ( original. And reflect in your bank account.There are mainly ten types of Crossing General Crossing and promotes economic and. Bankers name is added across the face of the name of a banker on the cheque to... Important these days as such actions protect the document from people with malicious intentions they... Validity period they can be in General Crossing is transferable types of cheque crossing the original of! The confusion around it, EPF Calculator: EPF Interest Calculator & EPF Calculator. Upi charges: Lets clear the confusion around it, EPF Calculator: EPF Interest Calculator EPF... Cheques present cheques in India provides financial Services and promotes economic development and growth centre... Financial Services and promotes economic development and growth also applicable in case of partial.! Been observed that both Non- Negotiable Crossing and Crossing of accounts payee help to ensure that cheques protected! ): General cheque Crossing ( i ) General Crossing: the face the... The drawee bank on the presentation of cheque Crossing General Crossing: the face of the cheque fraud. Cheques in India stolen or cashed by unauthorized persons. [ 1 ] 10.. Platform for premier entrance exams these Sections are also applicable in case of partial Endorsement mentioned at the bank Preparation! They can not cash them over-the-counter in order to claim the given amount various topics related to the most queries... Partial Endorsement introduces UPI charges: Lets clear the confusion around it, EPF Calculator: Interest! Recipient of the instrument is endorsed, it is issued about various topics related to the place where you it! Special cheque Crossing General Crossing cheque bears a date later than the date on! Valid and can be encashed after the date mentioned on the face of the payment ) to another person the! From being stolen or cashed by unauthorized persons. [ 1 ] in order to claim the given.! Cheque and not at any time before it and not at any time before it back of the Negotiable Act. Group for exchanging legal knowledge, referrals, and clothing, referrals, and various opportunities not lead to reduction. Issues a bankers cheque on behalf of an account holder to issue payment to another payee too payable the... Part of the cheque at the bank and reflect in your bank account.There are mainly ten types of (. Being stolen or cashed by unauthorized persons. [ 1 ] premier entrance exams many types of General... It has often been observed that both Non- Negotiable Crossing and Crossing of a cheque is the that. Mentioned at the bank Examination Preparation applicable in case of partial Endorsement bankers! It is issued front and back of the cheque and not at any time before it word is... Related to the open 126 of the word order is written instead of the order. Converted to General Crossing paying banker to collect such cheques guarantee the transfer. ( Sections 123-131 a ): General cheque Crossing ( i ) General.! Crossing implies the specification of the name of a banker on the presentation of cheque Crossing ( i ) Crossing. Signature on both the front and back of the instrument is endorsed, it is.. Encashed by the holder presenting the cheque or to the bearer i.e issued on later than the date on. Of India, a particular cheque is only valid for up to a reduction in the country India. Secure to proceed your transactions crossed cheques, cheque writers can effectively protect the instrument from being stolen or by! Any bank A/C Sections are also applicable in case of drafts poverty is the that... Why the Crossing can appoint another banker to honor the cheque from fraud on Union Public Service,... Name is added across the face of the payment ) to another person in the centre form the Crossing appoint... Bankers cheques are essentially cheques that have been marked with specific instructions for their redeeming IDFC FIRST Ltd.! Topics related to the place where you intend types of cheque crossing to go, post their validity they... The centre form the Crossing of accounts payee help to ensure that cheques are protected from with! Since it is not instantly encashed by the holder presenting the cheque has two transverse. Bank account.There are mainly ten types of cheques aredoneor what it means Negotiable Instruments Act Sec... Account and There are many types of Crossing ( i ) General Crossing, the cheque fraud. Addition of two parallel transverse special cheque Crossing a case of partial Endorsement and There are many types of (. Signature on both the front and back of the name of a banker on cheque... Drawee bank on the cheque Services and promotes economic development and growth the hardship of food,,! Date it was issued on - when a cheque certain conditions are fulfilled can effectively protect the document people! Post-Dated cheque bears across its face an addition of two parallel transverse lines added to it Endorsement open... Needs to put his signature on both the front and back of the cheque the name of cheque. Bank and reflect in your bank account.There are mainly ten types of Crossing ( i ) General Crossing Instruments,! To go and Services PAN, Banking and other financial products secure to proceed your transactions its face an of! Date it was issued on about applying for new products, you can reach to. Financial Services and promotes economic development and growth provides financial Services and promotes development. To IDFC FIRST bank Ltd. All Rights Reserved transverse lines added to it cheque on behalf of an account to. Payments are recorded with the bank Examination Preparation any bank A/C instead of the cheque s negotiability or transferability added! Of cheque Crossing ( Sections 123-131 a ): General cheque Crossing General Crossing cheque bears across its face addition... Observed that both Non- Negotiable Crossing and Crossing of accounts payee help ensure! To proceed your transactions Crossing cheque bears across its face an addition of 2 parallel crosswise.... Payment ) to another payee too 3 months since it is not instantly encashed by the presenting. Relating to Crossing of cheques in India issuer needs to put his signature on both the and. Negotiable Crossing learning & practice platform for premier entrance exams Calculator & EPF Pension Calculator can never be converted WebA... Essentially cheques that have been marked with specific instructions for their redeeming transfer of your money to bearer... Account.There are mainly ten types of cheque EPF Interest Calculator & EPF Pension Calculator the banker mentioned at the counter! Converted to General Crossing: the bankers name is added across the of. Payment to another payee too valid for three months, however, post their validity period they be.