cheque meaning in tamil அகராதி Tamil Meaning cheque meaning in tamil is காசோலை cheque tamil meaning and more example for cheque will be given in tamil.

This type of issuing a cheque is also called bearer type cheque also known as open cheque or uncrossed cheque. The NI Act provided a legal framework for non-cash paper payment instruments in India. A traveler’s cheque is a medium of exchange that can be used in place of hard currency. Issuing these types of cheques are risky because if the payee misplace it than the finder can withdraw money from the bank. In simple words, Bearer cheque means the person who is holding the instrument can withdraw money form the bank account. When the word “bearer” appearing on the face of a cheque is cancelled and when in its place the word “or order” is written on the face of the cheque, the cheque is called an order cheque. Thanks for using this online dictionary, we have been helping millions of people improve their use of the TAMIL language with its free online services. In 1938, the Calcutta Clearing Banks’ Association, which was the largest bankers’ association at that time, adopted clearing house. For example on 11/1/2015 you are issuing a cheque dated 1/1/2015 than it will called anti dated cheque and will be vailed for three months form 1/1/2015. See Bank check, below. However, there are various kinds of chequebook you receive and it would depend on the type of account you have. In case of order cheque the payee in whose name the cheque has been issued can only withdraw the money. A cheque is an unconditional order addressed to a banker,signed by the person who has deposited money with a banker,requesting him to pay on demand a certain sum of money only to the order of certain person or to the bearer of the instrument.



Cheque is used to make safe and convenient payment. A crossed cheque or an account payee cheque: It is written in the same as that of bearer cheque but … Such a cheque is payable to the person specified therein as the payee, or to any one else to whom it is endorsed (transferred).

Input your search keywords and press Enter. The issuer of the cheque would just fill the name of the person to whom the cheque is issued, writes the amount and attaches his signature and nothing else. Tamil Meaning of Bank-cheque. Charges also vary depending on the type of account, like current account, where more cheque leaves are provided as compared to individual savings account. Gift cheque, it is a cheque forirted in decorative form issued for a small extra charge by the banks for use by customers who wish to give presents of money on special occasions. »Important National Parks and Sanctuaries in India, Your email address will not be published. The cheque issued today will be vailed for three months from the date of issue. Until 1 April 2012, cheques in India were valid for a period of six months from the date of their issue, before the Reserve Bank of India issued a notification reducing their validity to three months from the date of issue. The Cheque was introduced in India by the Bank of Hindustan. If a cheque is presented for payment after three months from the date of the cheque, it is called stale cheque. A cheque is a document that orders a bank to pay a specific amount of money to the person in whose name the cheque has been issued. In 1881, the Negotiable Instruments Act was enacted in India.

If a cheque is torn into two or more pieces such cheque is Mutilated Cheque. Cheque is a  financial instrument which can be transferred to another party by simply endorsing it. It is used for business purposes or making of payment in future date. For example ; on 11/1/2015 you are issuing it dated 15/4/2015 than it will called post dated cheque and will be vailed for three months from 15/4/2015. The forsaking by a hawk of its proper game to follow other birds. 2) A crossed cheque or an account payee cheque: It is written in the same as that of bearer cheque but issuer can cross it by adding two parallel lines on the right hand top corner.Only person name written on it can get the amount transferred to his account. Your email address will not be published. Important National Parks and Sanctuaries in India, A crossed cheque or an account payee cheque, DAILY CURRENT AFFAIRS QUIZ : OCTOBER 17, 2020, DAILY CURRENT AFFAIRS QUIZ : OCTOBER 16, 2020, DAILY CURRENT AFFAIRS QUIZ : OCTOBER 14 & 15, 2020, Drawer, the person or entity who makes the cheque, Drawee, the bank or other financial institution where the cheque can be presented for payment. In no condition he can withdraw cash. Such a cheque is valid upto three months from the date of the cheque.

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If it presented for payment, such a cheque the bank will not make payment against such a cheque without getting confirmation of the drawer.
It is considered the safest kind of cheque, as we can find to which account the money has been transferred.
In case, if a cheque is torn at the corners and no material fact is erased or cancelled, the bank may make payment against such a cheque. After opening an account in a bank, with cheque book facility, the bank you will provide you with a cheque book. The number of cheques in a cheque book also differs depending on the account.

Lifetime validity Bank Exam Coaching | Bank PO / Clerk Coaching | Bank SO Exam Coaching | All-in-One SSC Exam Coaching | RRB Railway Exam Coaching | TNPSC Exam Coaching | KPSC Exam Coaching. 'Stale Cheque' meaning in Tamil - Banking Related Words with Tamil Meanings - Tamil Vocabulary dictionary by subject.

A stale cheque is not honoured by the bank. … They were generally used by people on vacation in foreign countries instead of cash, as many businesses used to accept traveler’s cheques as currency. A woven or painted design in squares resembling the patten of a checkerboard; one of the squares of such a design; also, cloth having such a figure. Gift cheques may be purchased in unlimited numbers from every branch of the ‘X’ Bank. PDCs are cheques issued with future date on it. If a cheque bears a date earlier than the date on which it is presented to the bank, it is called as “anti-dated cheque”.


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