BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a type of cheque issued by an individual?
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Bearer cheque
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Order cheque
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Crossed cheque
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Savings cheque
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Explanation:
Detailed explanation-1: -Banker’s cheque A banker’s cheque is issued by the bank itself. A bank issues a banker’s cheque on behalf of an account holder to issue payment to another person in the same city.
Detailed explanation-2: -Bearer cheque Was this answer helpful?
Detailed explanation-3: -As of now, non-CTS cheques cannot be presented in CTS. Bank have been advised to withdraw the non-CTS cheques from the customers. However, non-CTS cheques remain to be valid as a negotiable instrument.
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