One of the conditions to honour the cheque by the paying banker is that amount in figures and words should---------.

Related MCQs

• Where a customer by a letter has advised the bank directing the banker not to honour/pay a particular cheque such a letter is called
• When a banker collects cheques, dividend warrants, bills or other services on behalf of the customer, the banker the banker acts as an__________
• ------------------------ Conversion of physical cheque into electronic form for transmission to the paying bank.
• When a drawer draws a cheque without keeping sufficient balance and if the cheque is dishonored for insufficient funds, the drawer is punishable with and imprisonment which may extend to -------- and or a fine.
• A banker who collects a cheque for and on behalf of his customer is-----------------.
• A banker on whom a cheque is drawn by the customer is-----------------------.
• When a banker makes payment of a cheque after making hour he will be held ---------.
• When a cheque is drawn on a bank, the banker is called the___________
• A cheque can be crossed by drawing two transverse parallel lines through top left corner of cheque is called -------------.
• Sec 138 state that drawer of a cheque is liable to be punished if the cheque is bounded for-----------.