Monthly Archives: Ιούνιος 2019

Account Payee Cheque Meaning: What is AC Payee Cheque

Contents What is the Account Payee cheque? Crossing Cheque under Negotiable Instrument Act, 1881 d) Holder Uncrossing the Cheque This crossed cheque is no more a bearer cheque where anyone can negotiate and get payment across the counter. So by mere crossing you are no longer making payment to PAYEE ONLY. The payee can further […]