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Order Cheque

    Home Money and Property Cheques Order Cheque
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    Order Cheque

    By Malavika Rajkumar | Cheques, Money and Property | 0 comment | 27 June, 2019 | 1

    An order cheque is a cheque where only the person or party in whose name the cheque has been drawn, can withdraw the cash. The person collecting the cheque has to give an identity proof to encash the cheque. In such cheques, you have to strike out the words “or Bearer” and specify the person to whom the cheque is written for. Only then will it become an order cheque.

    Order Cheque

    For illustration purposes only

    For Example: If Malavika’s name is written on the cheque, only she can present the cheque for payment and get it encashed. No one else will be allowed to withdraw the amount.

    The payee can transfer an order cheque to someone else by signing their name on the back of it. This is known as endorsing of a cheque.

    1
    Bank, Cheque, Cheques

    Related Post

    • Endorsing Cheques

      By Malavika Rajkumar | 0 comment

      Endorsing cheques means that if you have an order cheque then you can endorse it to someone else. Endorsing means the payee can use the same order cheque to pay to someone else (the creditor)Read more

      0

    • Cancelled Cheques

      By Malavika Rajkumar | 0 comment

      If the words “cancelled” has been written on the cheque then, it is known as a cancelled cheque. Usually, the word cancelled is written across the cheque leaf in a big font, so that itRead more

      0

    • Bearer Cheque

      By Malavika Rajkumar | 0 comment

      If you have a bearer cheque, then you can present it to the bank and get the cash amount written on it. Any person can give the cheque and collect the money written on it.Read more

      4

    • Uncrossed Cheque or Open Cheque

      By Malavika Rajkumar | 0 comment

      An uncrossed cheque or an open cheque is a cheque that has not been crossed with two parallel lines on the top left corner. Such cheques can be encashed at any bank. You can collectRead more

      0

    • Crossed Cheque

      By Malavika Rajkumar | 0 comment

      Crossing a cheque means that it cannot be transferred to anyone else. In such cheques, you have to draw two parallel lines on the top left corner of the cheque and you can write theRead more

      0

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        • Adoption
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        • Child Marriage
        • Domestic Violence
      • Government and Politics
        • 48 Hours Before Elections
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        • Armed Forces (Special Powers) Act
        • Campaigning and Elections
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        • Voting and Elections
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        • Abortion and Sex Selection
        • COVID-19
        • Drugs and Narcotics
        • Mental Health
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        • Patient Rights
        • Smoking
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