Which of the following is not a type of Cheque?
Which of the following is not a type of Cheque?
1).
Promissory Cheque
2).
Mutilated Cheque
3).
Post Dated Cheque
4).
Open Cheque
1 answers
Promissory Cheque is not a type of cheque.
|
Types of Cheque |
Features |
|
Mutilated Cheque
|
If a cheque is split into pieces such cheque is called Mutilated Cheque. In this scenario, the bank will not make the payment without getting confirmation of the drawer. |
|
Post- Dated Cheque
|
If a cheque bears a date later than the date of issue, it is called a Post-Dated Cheque. |
|
Open Cheque
|
This cheque can be deposited in the bank account only. |
|
Counter cheque
|
It is a cheque available to a bank customer to add their account number to make a withdrawal from their account |
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