Cancelled Cheque meaning: Cancelled Cheque example and its benefit

Cancelled Cheque meaning: When two transverse lines are drawn in the middle of the cheque from across one corner to another with words ” CANCELLED ” then such cheque are called cancelled cheque. Purpose of drawing cancelled cheque: Cancelled cheque are issued when someone has to invest in financial investment like LIC, Mutual funds, Stocks, or … Read more

Bearer Cheque meaning: How to draw Bearer Cheque and it’s benefit

Bearer Cheque meaning: The word ” Bearer” itself means the possessor. Payment of Bearer cheque is made to the bearer of that cheque or the person who presents it at the cash counter. Whosoever finds this cheque can get it encashed on the bank counter. It is advisable to issue bearer cheque only when the payee … Read more