Types of cheques in India?

Based on the location cheques are classified as 1. Local & 2. Outstation cheques Based on its value they are classified as 1. Normal & 2. High Value cheques

Cheques r mainly of four types 1)open 2)bearer 3)order 4)crossed 1) open cheques r those which r paid across the bank counter 2) bearer cheque are to be paid to the bearer of the cheque 3) order cheque is to be paid to the payee in person 4) crossed cheque to be paid to the payee's account on submission

What are the types of cheques?

The Cheques are of mainly three types; a) Ordinary b) At Par & c) Banker's Cheques a) Ordinary cheques are paid at the local branches of the Bank where it has been deposited b) At Par cheques are paid at any branches of the bank, wherever it may be deposited c) Banker's cheques are issued in lieu of Demand Drafts on the other banks only and issued in favour of Government generally Cheques can be classified into another category also: a) Ordinary and b) Crossed a) Ordinary can be paid by the bank to whomsoever mentioned on the cheque

b) Crossed cheques are paid only to the particular person/company mentioned on the cheque and it is paid through bank account only. No cash will be paid directly to the customer. Crossings are of many types: a) Simple Crossing : Two parallel lines are drawn on the left corner of the cheque. It indicates that the amount to be paid through Bank account only b) Account Payee: Two parallel lines are drawn on the left corner of the cheque and the words 'Account payee only' written between the lines. It indicates the payment to the particular person only through bank account. c) & Co: Two parallel lines are drawn on the left corner of the cheque and the words '& Co' written between the lines. It is the indication for the payment to anyone of the group persons in the bank account

Sample of an open cheque, example of an open cheque,

Open Cheque. If you write BEARER or CASH instead of payee's name, ...