Question: What Is General Crossing Of Cheque?

What is general crossing?

In a general crossing, simply two parallel transverse lines, with or without the words ‘not negotiable’ in between, may be drawn.

Such a cheque is crossed generally.

The effect of general crossing is that the payment of the cheque will not be made at the counter, it can be collected only through a banker..

What are the types of crossing of Cheque?

Here are different types of cheque crossings and their effects;General Cheque Crossing. Under general cheque crossing, the crossing is done by drawing two parallel transverse lines across the cheque. … Special Cheque Crossing. … Restrictive Crossing or Account Payee’s Crossing. … Not Negotiable Crossing.

Who Cannot cross the Cheque?

(2) The Holder: Where the Cheque is uncrossed, the holder may cross it generally or specially. Then, The Drawer of the Cheque can cross the cheque generally or specially. If it is an open cheque, then the holder can cross the cheque generally or specially.

Who may cross a Cheque?

Who may Cross a Cheque ? The Drawer: The Drawer may Cross the Cheque generally or specially. The Holder: Where the Cheque is uncrossed, the holder may cross it generally or specially. Where it is crossed generally, he may cross it specially. Where it is crossed generally or specially he may add the words ” Not Negotiable”. The Banker:

What is the purpose of crossing Cheque?

Adding a crossing to a cheque increases its security in that it cannot be cashed at a bank counter but must be paid into an account in exactly the same name as that which appears on the ‘payee’ line of the cheque (i.e. the person who has received the cheque, who is legally the “payee” and “holder” of the cheque).

What are the types of crossing?

Types of CrossingPedestrian Refuges (or Islands) For pedestrians:Pegasus Crossing. Equestrian crossings are a popular way of creating a relatively safe means of crossing roads, and are often cheaper and more practical than creating a subway or bridge. … Zebra Crossings. Pedestrians:Pelican Crossings. … Puffin Crossings. … Toucan Crossings.

What is double crossing of Cheque?

(4) DOUBLE CROSSING – When a cheque bears two special crossing, is called Double Crossing. In this second bank act as agent of the first collecting banker. It is made when the banker in whose favour the cheque is crossed does not have branch where the cheque is paid.

Can you put a Cheque into someone else’s account?

When a check is payable to you, you’re the only person who can do anything with it. If you don’t want to cash a check yourself or depositing the check is not an option, you might be able to sign the check over to somebody else. That person would then deposit into their account or get cash.

What is the difference between open Cheque and crossed Cheque?

A crossed cheque is a cheque that has been marked to specify an instruction about the way it is to be redeemed. … An open cheque means the cheque can be deposited in the bank account only. A crossed cheque can only be cashed through a bank of which the payee of the cheque is a customer.

Who can make crossing of the Cheque Is it mandatory to crossed the Cheque?

According to S. 125 of the NI Act, the following people, apart from the drawer, are authorized to cross a cheque: The holder of a cheque is authorized to cross a cheque, either generally or specially, if the same is uncrossed. He is also entitled to cross a cheque specially if the same has been crossed generally.

What is the effect of not negotiable crossing a Cheque?

The effect of ‘not negotiable’ crossings This means that the transferee does not receive and is not capable of giving a better title to the cheque than the transferor had. The effect of crossing a cheque ‘not negotiable’ is to warn the transferee that his or her title is subject to all prior defects in title.

What are the features of Cheque?

Features of a chequeA cheque should be in writing and properly signed by the drawer.A cheque contains an unconditional order.A cheque issued on a specified banker only.The amount specified is always certain and should be clearly mentioned both in figures and words.The payee of a cheque is always certain.More items…•

Can I cash someone elses Cheque?

A cheque can be cashed by someone other than the person named on the front of the cheque if they counter-sign it. Check with your financial institution to find out if they accept counter-signed cheques. Not all financial institutions accept them.

What is a general crossed Cheque?

A crossed cheque is a cheque that has been marked specifying an instruction on the way it is to be redeemed. A common instruction is for the cheque to be deposited directly to an account with a bank and not to be immediately cashed by the holder over the bank counter.

What is difference between general crossing and special crossing?

General Crossing – cheque bears across its face an addition of two parallel transverse lines. Special Crossing – cheque bears across its face an addition of the banker’s name. Restrictive Crossing – It directs the collecting banker that he needs to credit the amount of cheque only to the account of the payee.

What is the difference between crossed and uncrossed Cheque?

The bearer cheque does not contain the name of the payee and is payable to the person who presents it at the bank. A crossed cheque is a cheque drawn in favour of a specific person and the cheque contains two slanting parallel lines at the left upper corner of the cheque.