What is ‘Crossed Cheque’ ?

3 years ago
Banking

A crossed cheque indicates the amount should be deposited into the payees account and cannot be cashed by the bank over the counter. Here in the image, number#2, you can see two cross-lines on the left side corner of the cheque that indicates crossed cheque.

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Susmita Sah
Susmita Sah
Jan 13, 2022
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