Discussion :: Banking Awareness
- A cheque crossed as ‘Payees a/c only” is direction to
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A.
The payee not to negotiate the cheque. |
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B.
The paying banker to ensure that the proceeds of the cheque are credited to the payees a/c only. |
|
C.
The collecting banker to ensure that the proceeds of the cheques are collected for the account of the payee only. |
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D.
None of the above |
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Answer : Option C
Explanation :
Explanation Not Provided
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