Can someone encash a simple crossed cheque if bearer is not crossed out?
If yes, then please mention such conditions.
PANKAJ MALIK (Senior Executive) 10 January 2010
Can someone encash a simple crossed cheque if bearer is not crossed out?
A V Vishal (Advocate) 10 January 2010
A CROSSED CHEQUE CANNOT BE DRAWN ACROSS THE COUNTER
R.K.SUNDERRAJ (LAWYER HUBLI,KARNATAKA) 10 January 2010
YES A.V.VISHAL IS EXACTLY RIGHT.
V. VASUDEVAN (LEGAL COUNSEL) 10 January 2010
yes, even simple crossing restricts the payment of a cheque across the counter.
Parthasarathi Loganathan (Advocate) 02 February 2010
However, the only exception is that crossed cheque can be paid across the counter if the Payee is a Bank and the cheque is collect by its authorised agent whose signature is duly attested by the beneficiary (Bank)
Prasun Chandra Das (Banker) 01 May 2012
crossed chqs can NEVER be paid across the counter (i.e., in cash), regardless of who the payee/drawer is.
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